Wednesday, May 20, 2020

J.C. Penney to reopen 153 stores as clock is threatening its bankruptcy reorganization

The Dallas Morning News
J.C. Penney is reopening stores in Texas, Florida, Indiana and Ohio on Wednesday as the clock is ticking in its bankruptcy, the largest so far since the coronavirus pandemic shutdown the economy.

As Penney enters its first week of bankruptcy, details have emerged of its difficult path for exiting Chapter 11. The company will attempt to spin off of its real estate into a separate company and permanently close stores while it’s still trying to reopen locations.. . . more