Will pennies go away? Not sure, but Penney's

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NewTime
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16 May 2020, 3:06 pm

Will pennies go away? Not sure. But it looks like Penney's will. JCPenney has filed for bankruptcy due to the COVID-19 pandemic.



I love belko61
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16 May 2020, 10:27 pm

I doubt it. Probably just an a-hole way to get out of paying rent and their suppliers. They'll restructure, get rid of many full-time employees, and then be back with a higher stock price. It's all a game.
In January they announced closing 6 stores. If they were really so badly off why only 6 before covid-19?