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Factors Have Given Up on J.C. Penney for Now—Here’s What That Means

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Retailers can theoretically save cash by pushing payments to vendors out beyond the usual 30- or 60-day invoice agreements—but that kind of short-term thinking can just as easily come back to haunt store operators like J.C. Penney. Factors have given up on checking the troubled department store chain, which means they’re not approving any orders,…

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