In a May 14 filing with the Securities and Exchange Commission,in certain states at the beginning of May, implementing safety measures like plexiglass at registers and contactless curbside pickup. .
Like many other department stores, it's faced slumping sales as shoppers increasingly turn to online options and mall foot traffic declines. It has also faced stiff competition in off-price retailers like TJ Maxx and Ross Stores. Frequent changes to the executive team and shifting strategies have certainly not helped matters.
Yet they gave their top execs huge cash payout!!!!
Per SEC filing JCPenney pd 'please stay' bonuses part of a compensation plan approved by company’s board, under which CEO Jill Soltau was paid $4.5 million, CFO Bill Wafford, chief merchant Michelle Wlazlo & chief human resources officer Brynn L. Evanson each received $1 million.
Matter of time 🤷🏾♂️
Gus14523849 JCPenney is one I actually like ☹️
Why not, the president did it and no one cares? 'YOU FOOLISH PAWN'S' -GREED
Penny penny lut gai
Japanese “Renown” was bankrupt by Chinese national company refused to pay money for product which already received. China refused to pay money for foreign company. Chinese police still steal mask and other medical tools from foreign company. China Risk Business
ggargiulo3 Yamamay risks the same.
Never ends.
what type of bankruptcy?
Haven't they filed for bankruptcy every year since 1950? Probably time to pull the plug on it...
It's only Chapter 11 (reorg), not chapter 7 (bankruptcy)!
💔
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »