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The long struggling department store JCPenney filed for bankruptcy on Friday, becoming the third major retailer following J.Crew and Neiman Marcus to restructure its debt as the coronavirus ...
Senior Partner at law firm Kirkland & Ellis LLP Jonathan Henes joins Yahoo Finance’s Zack Guzman to break down the current outlook for bankruptcies amid the COVID-19 pandemic.
The 118-year-old department store JCPenney is the latest to file for bankruptcy protection amid the coronavirus pandemic. The Texas based retailer has accrued nearly $4 billion in debt and will ...
JCPenney filed for Chapter 11 bankruptcy protection today and plans on permanently closing select locations.
JCPenney became the fourth major national retailer to file for bankruptcy in May 2020. [70] [71] Days earlier, it was reported in a regulatory filing that JCPenney would give bonuses totaling nearly $10 million to the company's senior managers, which included $4.5 million to CEO Jill Soltau. [72]
J.C. Penney, which even before the pandemic had struggled to compete with the likes of Amazon.com, Target and Walmart, became one of the largest retailers to file for Chapter 11 bankruptcy ...
It emerged from bankruptcy in August, but announced on February 14, 2019, that it was filing for bankruptcy again and that it would close all of its stores and its online operation in the United States. [230] Pier 1 Imports announced the closure of 450 out of its 942 locations in January 2020. It had initially only been expected to close ...
J.C. Penney finally declares bankruptcy. Here's what we know.