The JC Penney enigma continues
Retail specialist Walter Loeb looks at the recent developments of JC Penney. After rumours of liquidation earlier this month, JC Penney asked administration for a 120-days reorganization plan period. Sales Q2 2020 dropped by -44% to US $1.4b and Loeb is concerned that cash shortage might have led JC Penney into reducing fashion orders for the coming Christmas season –as JC Penney is reportedly known for being fashion savvy.
The JC Penney enigma continues
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