As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make the merchant attain specific aims to get the second part of the loan, CNBC reported, citing unnamed sources. JCPenney would...
Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and...
As JCPenney continues to look into its performance, the retailer said on Tuesday (Jan. 8) that it is intending to shutter three locations in the spring. The company did not say the locations of the stores it is seeking to close and is looking to provide...
Big brands are opening big stores in big cities, but Nike is taking a decidedly digital approach with its New York City flagship: that is, the customer payment and shopping experience in the new space is powered by mobile technology. The store’s concept, dubbed Nike...
May 27, 2019
Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and forthcoming) round of tariffs is hitting some of the biggest U.S. players right in the margins.
May 27, 2020
Stephen Ross, chairman of Related Cos., said bankruptcy could be the future for many retailers as the effects of the pandemic continue to play out. Ross, speaking with CNBC on Tuesday (May 26), said retail and hotel industries were the hardest-hit by the pandemic, and the closures and reduced travel would force closures and bankruptcies […]
May 13, 2020
As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make the merchant attain specific aims...
January 09, 2019
As JCPenney continues to look into its performance, the retailer said on Tuesday (Jan. 8) that it is intending to shutter three locations in the spring. The company did not say...
August 14, 2017
Turnarounds are not easy work — just ask the team at JC Penney. As of the end of Q2, the numbers aren’t quite what the long-suffering retail chain was hoping...
