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

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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!