Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

How COVID-19 Might Derail Penney’s Bankruptcy Plans

Join Sourcing Journal on March 13th HKT for Sourcing Summit Hong Kong for discussions on mending relationships between supply chain partners, remaking factories for smaller MOQs and faster turns, and creating resilience to survive the next inevitable crisis.

How soon retailers can fully reopen their doors could dictate J. C. Penney’s ultimate fate. The mass merchant filed a Chapter 11 petition for bankruptcy court protection on Friday in a Corpus Christi, Texas, federal bankruptcy court, listing total assets at $8.57 billion while tallying $8.03 billion in liabilities. Estimates show the company has more…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!