J.C. Penney Says ‘No,’ It’s Not Prepping for a Bankruptcy Filing

Struggling with declining sales and a heavy long-term debt load, J.C. Penney on Friday sought to reassure investors and creditors that it is not getting ready for a bankruptcy protection filing. Late Thursday, Reuters reported the 117-year-old department store had “hired advisers to explore debt restructuring options” to give it breathing room to attempt yet […]

What Kohl’s Awful Numbers Tell Us About J.C. Penney’s Prospects

Kohl’s kss investors hoping for the retailer’s continued turnaround got a fright on Tuesday when it announced dismal first-quarter results and slashed its 2019 forecasts. But Kohl’s results–a 3.4% comparable sales decline that was far worse than Wall Street expected–are even scarier to another chain’s shareholders: J.C. Penney, jcp the struggling department store chain that […]

How Hudson’s Bay CEO Helena Foulkes Is Getting the Retailer to Focus

Since taking the helm at Hudson’s Bay Co hbc just over a year ago, Helena Foulkes has been busy streamlining the department store operator’s business. On her watch, HBC has made big moves like shedding online flash site Gilt Groupe, selling a large stake in the company’s struggling European business to a rival, shelving plans […]