Tag: bankruptcy protection

Retail Types, Stores

JC Penney says it skipped a $12 million interest payment as coronavirus restrictions shutter stores

April 15, 2020


J.C. Penney said Wednesday that it has chosen not to make a roughly $12 million interest payment due on April 15, as the coronavirus pandemic takes a toll on its business. It is entering into a 30-day grace period “in […]

Retail Types, Stores

The running list of 2020 retail bankruptcies

March 3, 2020

Via: Retail Dive

Last year sent 17 major retailers into bankruptcy. For some — including Payless, Gymboree and Charming Charlie —​ it was their second trip to court. Bankruptcy also proved fatal for more retailers in 2019, as liquidations increased. Inside and outside […]