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Penney’s Forks Over $17M Interest Payment, But What Does it All Mean?

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

J.C. Penney parted with a $17 million interest payment just under the wire on Thursday, but an ominous cloud of uncertainty hangs over the debt-laden chain’s murky future. The company in a regulatory filing on Friday said it made the payment that was due May 7, and that it entered into the five-day grace period…

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