JCPenney is reportedly considering filing for bankruptcy and closing hundreds of stores - Business Insider

JCPenney is considering filing for bankruptcy, though no final decision has been made, Reuters reported Friday. The department store chain has struggled in recent years. It has nearly $4 billion in debt.

Visit Business Insider's homepage for more storiesJCPenney is preparing to file for bankruptcy as early as next week, though no final decision has been made,According to Reuters, about a quarter of the chain's roughly 850 stores could permanently close. The department store has nearly $4 billion in debt. It missed a debt payment on April 15 but has a 30-day grace period that ends next Friday.

Time to stock up on Levi 541s when they go on mega clearance

akaHomeOfHipHop Dammit man! Where Ima get my dad jeans from now?!!! toobigtofail

Goodbye...

incarceratedbob I didnt know there were still hundreds of stores left

Never like them, Nana Nana Nana Nana Nana hey hey hey goodbye 👋

Another win for Democrats. Shut down business and make everyone dependent on the government.

JCPENNEY, MOVE TO CHINA! THEY'RE GROWING BY LEAPS AND BOUNDS! China has 102 cities THREE TIMES LARGER THAN NEWARK, NEW JERSEY! WHAT ARE YOU WAITING FOR! jcpenney China created 65 million new jobs:

incarceratedbob

If COVID doesn't stop, we see more & more stores getting bankrupt 😣

incarceratedbob Cure worse than the disease

I hate buying their $80 jeans anyways

Neiman Marcus:

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