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JCP and Skechers’ Financial Fortunes Are Looking Up

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Some of the sector’s biggest names are ending the year on stronger financial footing. JCPenney has paid off a $506 million take-back term loan on the books since its 2020 bankruptcy and restructuring. After refinancing on Dec. 1, the department store has trimmed its outstanding debt from $800 million to $500 million, with about $1.8…

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