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J.C. Penney has need for speed in bankruptcy, lawyer says

FILE PHOTO: FILE PHOTO: A JC Penney store is shown in Oceanside
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(Reuters) - J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during a court hearing on Saturday."This company needs to move incredibly quickly through this restructuring. If we don't, the results could be..
Date Published: May 17, 2020
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