Seen in Print

[Rufus T. Firefly]

You're going to be lucky if that JC Penney ever opens again.

[J. S. Bach]

I saw a photo of one on the web that had "error 404 page not found" written on it.

[webenda]

You're going to be lucky if that JC Penney ever opens again.

On the other hand, the closing of all 850 stores may be used to J.C. Penny's advantage.

Reuters reported late Tuesday that J.C. Penney's decision to shutter all of its 850 department stores, while furloughing nearly all of its 95,000 employees, may push the retailer into a Chapter 11 filing that could help it re-finance its near $4 billion in outstanding debts. J.C.

In Chapter 11 cases the debtor receives a discharge when a plan is confirmed by the court. ... A debt that is discharged is a debt for which the debtor is no longer liable if they continue in business.

I think "re-finance" is the wrong term. Unless J.C. Penny liquidates, the dept is discharged.

[Rufus T. Firefly]

You're going to be lucky if that JC Penney ever opens again.

On the other hand, the closing of all 850 stores may be used to J.C. Penny's advantage.

Reuters reported late Tuesday that J.C. Penney's decision to shutter all of its 850 department stores, while furloughing nearly all of its 95,000 employees, may push the retailer into a Chapter 11 filing that could help it re-finance its near $4 billion in outstanding debts. J.C.

In Chapter 11 cases the debtor receives a discharge when a plan is confirmed by the court. ... A debt that is discharged is a debt for which the debtor is no longer liable if they continue in business.

I think "re-finance" is the wrong term. Unless J.C. Penny liquidates, the dept is discharged.

Maybe they will just get bought by Target. The properties themselves, depending on how much they actually own, might the real remaining value

[HONDO74]

Maybe they will just get bought by Target. The properties themselves, depending on how much they actually own, might the real remaining value

Penny's made some bad changes years ago. First they thought they could go upscale.

10 years ago they hired a wonder boy from Apple computer as their CEO.

The 5 Big Mistakes That Led to Ron Johnson’s Ouster at JC Penney
https://business.time.com/2013/04/09/th ... jc-penney/

[Rufus T. Firefly]

[MurphOnMillerAve]

...or defacing to other people's property.

[Rufus T. Firefly]

...or defacing to other people's property.

That might have been covered in the "illegal" portion of the message.

[MurphOnMillerAve]

...or defacing to other people's property.

That might have been covered in the "illegal" portion of the message.

I stand corrected, as is your wont with me. Such fun (!)

[Rufus T. Firefly]

[J. S. Bach]

...or defacing to other people's property.

Or Photoshop?

[HONDO74]

[Rufus T. Firefly]

[up148]

Statistics. Seldom hear about the percentage of people in the US with Covid...just the number of cases.....so looking at the glass that way, the US has the highest number of cases in the world. But, looking at it percentage wise, we did very well. Media always forgets that number because it isn't as dramatic.

Capture.PNG (965.6 KiB) Viewed 3433 times

[Rufus T. Firefly]