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home / news releases / JCP - J. C. Penney Heads Towards Bankruptcy


JCP - J. C. Penney Heads Towards Bankruptcy

J. C. Penney (JCP) appears to be headed towards bankruptcy after entering a 30-day grace period for the April 15th interest payment on its 6.375% Senior Notes due 2036. J. C. Penney had needed a good economy to have a chance at long-term survival, but what happened is worse than any scenario that it could have imagined. J. C. Penney's stores remain closed indefinitely, and there is likely to be lasting damage to sales once it reopens (both due to a weakened economy, and some traffic declines due to a lack of a

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Stock Information

Company Name: J.C. Penney Company Inc.
Stock Symbol: JCP
Market: NYSE

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