India  

J.C. Penney Takes a Step Closer to Bankruptcy

Video Credit: The Street - Duration: 02:21s - Published
J.C. Penney Takes a Step Closer to Bankruptcy

J.C. Penney Takes a Step Closer to Bankruptcy

The 118-year-old retailer has raised $450 million to fund its imminent bankruptcy, while its board has approved $10 million in executive compensation.


You Might Like


Related videos from verified sources

JCPenney Set to Kick Off 'Out of Business' Sale [Video]

JCPenney Set to Kick Off 'Out of Business' Sale

JCPenney will begin purging 249 stores with 'out of business' sales. The company was forced into bankruptcy in early May due to already slumping sales and the coronavirus pandemic.

Credit: Cheddar Inc.     Duration: 00:35Published
JCPenney to Close 30% of Stores [Video]

JCPenney to Close 30% of Stores

Retailer JCPenney is planning to close nearly a third of its stores — about 200 — as part of its restructuring. The mall staple filed for bankruptcy last week.

Credit: Cheddar Inc.     Duration: 00:26Published
J.C. Penney Filed For Bankruptcy Protection [Video]

J.C. Penney Filed For Bankruptcy Protection

J.C. Penney Co Inc. filed for bankruptcy protection during the coronavirus pandemic. According to Reuters, they plan to permanently close some stores and are exploring a possible sale. The store said..

Credit: Wochit     Duration: 00:32Published