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June 5, 2020
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JC Penney announces 154 stores set to close this summer. Here’s a map.

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CNBC – For more and to sign up click here Bankrupted J.C. Penney announced Thursday the list of the 154 stores it plans to close this summer, with store closing sales kicking off June 12.  It said it will announce additional closures in the coming weeks.  Here’s the complete list......
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New York & Co. owner RTW Retailwinds warns bankruptcy filing imminent

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CNBC – For more and to sign up click here New York & Company store in North Brunswick Township, New Jersey. Michael Brochstein | SOPA Images | Getty Images New York & Co. parent RTW Retailwinds on Wednesday morning warned about its ability to continue as a going concern, and that it......
CNBC Business

Hertz bankruptcy and a distressed rental car market means more pain for U.S. automakers

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CNBC – For more and to sign up click here Signage for Hertz Global Holdings Inc. stands at a rental location in Berkeley, California, U.S., on Tuesday, May 5, 2020. David Paul Morris | Bloomberg | Getty Images Ongoing distress in the rental car market due to the coronavirus pandemic,......
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Tuesday Morning is about to close 130 stores. Here’s a map of where they are

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CNBC – For more and to sign up click here Discount retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection and is looking to shut more than 200 of its nearly 700 stores.  First, the Dallas-headquartered company is seeking court approval to shut at least 132 stores, which it......
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Discount retailer Tuesday Morning files for bankruptcy, to shut 230 stores

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CNBC – For more and to sign up click here Tuesday Morning at the Sunset Esplanade in Hillsboro, Oregon. M.O. Stevens | Wikipedia CC Home goods retailer Tuesday Morning filed for Chapter 11 bankruptcy protection on Wednesday morning and plans to shut a third of its nearly 700 stores.  The......
CNBC - Real Estate

Expect many post-pandemic bankruptcies, says Related Companies’ Stephen Ross

CNBC Real Estate
Squawk Box Real estate continues to undergo massive changes because of the Covid-19 pandemic. Stephen Ross, founder and chairman of Related Companies and owner of the Miami Dolphins, joins “Squawk Box” to discuss what changes are coming to the industry. 03:47 an hour ago CNBC – For more and to......
CNBC Business

The coronavirus is crushing bankrupt retailers’ hopes for a rebound – and threatening even more jobs

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CNBC – For more and to sign up click here A closed Pier 1 Imports store stands in Fairfax, Virginia, on Thursday, May 21, 2020. Andrew Harrer | Bloomberg | Getty Images Bankruptcy doesn’t need to mean the end of a company. It can be a shot to shed debt,......
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JC Penney’s future depends on what happens over the next two months

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CNBC – For more and to sign up click here It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory......
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As JC Penney goes bankrupt, some question if it should continue to operate

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CNBC – For more and to sign up click here Does the world of retail really need J.C. Penney?  As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal......
CNBC Business

Long-struggling JC Penney files for bankruptcy as coronavirus crushes hopes for a quick turnaround

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CNBC – For more and to sign up click here An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, U.S., on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty Images J.C. Penney, weighed down by debt and battered by the......
CNBC Business

JC Penney makes $17 million interest payment as it explores bankruptcy

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CNBC – For more and to sign up click here Robert Barnes | Getty Images J.C. Penney said Friday it has made the approximately $17 million interest payment that was due and payable on May 7. The company had a grace period of five business days to make that interest payment,......
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JC Penney is planning to file for bankruptcy in the next day, sources say

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CNBC – For more and to sign up click here J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC.  Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they said. They......
CNBC Business

JC Penney in talks to fund potential bankruptcy filing next week

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CNBC – For more and to sign up click here Robert Barnes | Getty Images J.C. Penney is in talks to secure financing for bankruptcy as the coronavirus pandemic has devastated the American retail industry, people familiar with the matter tell CNBC.  The Plano, Texas-based retailer skipped a $12 million......
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Investors to challenge Neiman Marcus bankruptcy loan, push for sale

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CNBC – For more and to sign up click here A delivery of boxes is wheeled as shoppers walk towards Neiman Marcus as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, November 22, 2019. Mark Makela | Reuters An investor group......

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