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JCPenney re-openings 54 stores across several states

JCPenney has reopened stores as COVID-19 restrictions begin to lift in the U.S. On May 20, the retailer opened doors to 54 locations across Texas, Ohio and Indiana, bringing its total number of operating stores to 153. “We are thrilled to welcome our associates and customers back to JCPenney stores... and our top priority remains on the health...

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Business |ANALISYS Featured

J.C. Penney denies hiring in-court restructuring advisers but still at the crossroads

New York – Earlier this month Reuters cited sources close to the matter, reporting that the retailer "hired advisers to explore debt restructuring options." The report, which cited people "familiar with the matter," called the move a "high-stakes attempt to get its financial house in order". Responding to the news, J. C. Penney Company, Inc....

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