Will the Coronavirus Spell the End of J.C. Penney?
Will the Coronavirus Spell the End of J.C. Penney? 1Is COVID-19 responsible for the current troubles at J.C. Penney (NYSE:JCP)? The short answer is no: The retailer was in trouble long before the current economic downturn. However, the coronavirus is the final nail in the coffin that seems likely to force the retailer into bankruptcy. J.C. Penney has been plagued by heavy debt for years, which …
News story posted on 2020-04-18T17:07:00.0000000Z