Sat
May 16 2020
04:57 pm
JCPenney to file for bankruptcy, will close some stores
By: jbr

I go there for some particular items. Although I don't shop a lot.

JCPenney operates 850 stores and it has nearly 90,000 workers. It said that it received $900 million in financing to help it operate during the restructuring.

JCPenney joins Neiman Marcus, J. Crew and Sage Stores in filing for bankruptcy amid the economic downturn caused by the pandemic. Plenty of other retailers are expected to follow.

JCPenney to file for bankruptcy, will close some stores

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BoB W.'s picture

more closings

Submitted by BoB W. on Sun, 2020/05/17 - 11:06am.

All 38 Lowes home improvement stores in Canada have closed.

bizgrrl's picture

Pier 1 files for Chapter 11 bankruptcy

Submitted by bizgrrl on Tue, 2020/05/19 - 7:27pm.

After filing for Chapter 11 bankruptcy in February, home goods chain Pier 1 Imports announced Tuesday that will close all retail operations, according to multiple reports.

bizgrrl's picture

Hertz files for Chapter 11 bankruptcy

Submitted by bizgrrl on Sat, 2020/05/23 - 6:06am.

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.
...
The Estero, Florida-based company, which operates Hertz, Dollar and Thrifty car-rentals, had been in talks with creditors after skipping significant car-lease payments due in April. Forbearance and waiver agreements on the missed payments were set to expire on May 22. Hertz has about $1 billion of cash.

fischbobber's picture

Flooding the market

Submitted by fischbobber on Sat, 2020/05/23 - 11:17am.
(in reply to bizgrrl)

The market will be flush with used cars. These "rugged individualist" politicians who don't want government involvement, Jacobs, Daniels, Burchett, etc. better pull their heads out of their keisters and come up with a plan. Inflation sucks, but deflation can destroy a nation.

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