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

Penney’s Asks Court Permission to Pay $47.7 Million in New Staff Bonuses

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Bankruptcy J. C. Penney has another round of bonuses in store for key staffers. The mass merchant is seeking the bankruptcy court’s permission to distribute $47.7 million in retention bonuses for non-management talent, a point of departure from the previous $7.5 million payout that preceded its May 15 Chapter 11 filing by a matter of…

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!