When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
JCP - J. C. Penney Reportedly Contemplates Bankruptcy
J.C. Penney Company Inc.
J. C. Penney CEO Jill Soltau. Source: Barron's
The coronavirus has led to social distancing, which has led to millions of people being out of work. Most of their purchases are now being done online. J. C. Penney's (JCP) revenue has fallen sharply amid the pandemic. Chatter suggests the company could consider filing bankruptcy:
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.