J.C. Penney’s Bankruptcy Wasn’t Due To The Covid Outbreak Alone
- Monday, June 22, 2020, 7:11
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J.C. Penney’s stock has fallen to just 40 cents since the company filed for bankruptcy on 15th May 2020. The company’s business was already in choppy waters with falling revenues, widening losses, rising debt, and depleting cash reserves. Moreover, with the advent of online shopping…
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