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J.C. Penney to Get Holiday Wish: New Owners and Bankruptcy Exit

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.

Mass merchant J.C. Penney Co. Inc. on Tuesday got the verbal nod from the bankruptcy court for confirmation of its plan of reorganization. The retailer’s disclosure statement was approved as well. A final order still needs to be signed by U.S. Bankruptcy Judge David Jones in Corpus Christi, Tex. There was a delay in the…

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