JC Penney hires advisers to explore debt restructuring

JC Penney hires advisers to explore debt restructuring

J.C. Penney has hired advisers to explore debt restructuring options that would buy more time for the retailer to forge a turnaround. The department store chain’s move represents a high-stakes attempt to get its financial house in order before its debt, totaling roughly $4 billion, comes due in the next few years.

Simone
Simone
SûmFigöt
SûmFigöt 8 months

So when do the “going out of business” sales start?

Alex Of Knox
Alex Of Knox 7 months

Two words, online markets

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