JCP stock is taking a hit and fell over 15% on a report from Reuters that JC Penney (NYSE:JCP) is in talks with advisers on debt restructuring options
Ballooning DebtsAmerican departmental store chain JC Penney is one of the iconic department stores in the country, having existed since 1902, but the company is now on the verge of collapsing under the weight of its massive debts.
Its losses have ballooned over the past five years, and according to the latest reports, the company is now looking for options to restructure its debt. Through ...
Read The Full Article On MicroSmallCap.com
Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.
All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.