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Store-Closing Sales. JCPenney has been on shaky ground for some time, and the coronavirus has finally pushed the brand to file for bankruptcy. While liquidation isn’t in the cards so far, the ...
JCPenney finished the quarter with just $181 million in cash, down from $363 million a year ago. Much of the big decrease was because of a $190 billion debt replace. On May 22, JCPenney announced the resignation of their CEO, Marvin Ellison. [60] On October 2, JCPenney announced former Jo-Ann Stores CEO Jill Soltau as their CEO, effective ...
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