https://www.cnn.com/2020/07/16/business/jcpenney-bankruptcy/index.html
Sad.
JCP won’t necessarily liquidate bc there’s no value in liquidation . So the building might remain standing bc falling over isn’t much of a relief.
2 replies (most recent on top)
Why don’t they just liquidate all stores?
LOL! Sussberg and company are saying all of the right things...we want to avoid the worst case scenario, we're making great progress, things are hopeful, yadda yadda...
And then we get the news of 1000 layoffs and 150+ additional store closures. I don't think the bankruptcy is going too well.