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Penney’s Pushes for New Bankruptcy Deadline, Pulls the Plug on 2 NYC Stores

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Bankrupt J. C. Penney is closing two New York City stores and has put together a business plan—a key milestone in its Chapter 11 court case. In court Wednesday, Penney’s attorney Joshua Sussberg of Kirkland & Ellis said the retailer is pushing for an extension of the July 14 deadline by which is must secure…

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