Jcpenney (jcp) has posted a profit in only two quarters over the past four years. In its most recent quarter, penney lost $101 million and was forced to offer steep discounts to. However, experts said the creditors willingness to keep the company alive rather than pushing for liquidation was less a vote of confidence in jcpenney and more of a sign of. Furthering turnaround efforts, jcpenney plans to pump more than $1 billion into its business by fiscal year 2025 to improve stores, the website, customer experiences and.
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