J.C. Penney
JCP Lenders Ask Potential Bidders to Top $1.8 Billion: Report
J. C. Penney's lenders are hoping new bids for the bankrupt chain are closer to $2.2 billion they're owed.
Penney’s Asks Court Permission to Pay $47.7 Million in New Staff Bonuses
The bankrupt chain has identified a new group of employees deemed essential to its operations
John Tighe Resigns as President of Peerless Clothing
No successor has been named for North America's largest manufacturer of tailored clothing.
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J.C. Penney Seeks Approval for $47.7M ‘Key Employee’ Payments
The retailer sought payments it argued were necessary to retain a number of key employees, who do not include…
J.C. Penney Hurtles Toward a Sale Process
The retailer said Wednesday that it is moving "incredibly fast" toward a going concern sale, and negotiating…
JCP Lawyer Tells Bankruptcy Judge: ‘No One is Discussing a Liquidation’
The retailer's better-than-expected cash position puts the company in stronger standing to attract desirable…
Penney’s Ekes Out a Monthly Profit as Bankruptcy Deadline Looms
Bankrupt Penney's reported a rare bit of good news as its Chapter 11 case approaches a key milestone this…
Penney’s Bled $546M in Q1 But Inches Toward Bankruptcy End Zone
Penney's, which reported Q1 revenues down 53 percent, has until July 31 to finalize details of a business…
JCP Sheds 1,000 Jobs in a Tough Week for Retail Workers
Penney's job cuts compound staff reductions at REI, PVH and Burberry.
J.C. Penney’s Key Weeks Ahead
As the retailer turns in its business plan, the timing of its approval may determine an outcome between…
Penney’s Pushes for New Bankruptcy Deadline, Pulls the Plug on 2 NYC Stores
The retailer is seeking more time to negotiate with constituency groups, and plans to begin payment of…
Bankruptcy Scorecard
Some retailers in bankruptcy during the pandemic are attempting to pull off a high-wire act. Here's where…
J.C. Penney Works to Stay the Course
The retailer told a Texas bankruptcy court on Wednesday that it is aiming to hit key milestones this month…
Store Closures Widened Penney’s Q1 Loss to $546 Million
The mass merchant is in a fight for survival amid sales declines and wider losses as it negotiates a business…
Modell’s Sporting Goods Stores Restart Going-Out-of-Business Sales
More retailers are closing stores, such as Modell's liquidating 107 stores, Penney's closing 242 and GNC…