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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.
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The chain filed for its second bankruptcy and liquidation on August 7, 2019, [12] closing the remaining 54 stores [13] with plans to auction its intellectual property. [14] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [15] The shoe chain emerged from bankruptcy two years later. [16]
JCPenney filed for Chapter 11 bankruptcy protection today and plans on permanently closing select locations.
That year, the company adopted the JCPenney style in advertising. [14] and its revenues reached $5 billion (equivalent to $37.6 billion in 2024) for the first time and catalog business made a profit for the first time. [15] JCPenney reached its peak number of stores in 1973, with 2,053 stores, 300 of which were full-line establishments. [15]
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2021" The following 53 pages are in this category, out of 53 total. This list may not reflect recent changes .
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 ...