topic J.C. Penney emerging from bankruptcy could save 60,000 jobs in Credit in the News

J.C. Penney emerging from bankruptcy could save 60,000 jobs

gdale6 — Thu, 12 Nov 2020 00:02:18 GMT

After a court handed down an approval of its sale, pandemic-battered retailer J.C. Penney Co. is poised to emerge from bankruptcy ahead of the holiday shopping season.

https://abcnews.go.com/Business/jc-penney-emerging-bankruptcy-save-60000-jobs/story?id=74146508&cid=clicksource_4380645_7_heads_posts_headlines_hed

Re: J.C. Penney emerging from bankruptcy could save 60,000 jobs

AllZero — Thu, 12 Nov 2020 02:52:14 GMT

Thank you for sharing the information!

Re: J.C. Penney emerging from bankruptcy could save 60,000 jobs

M_Smart007 — Thu, 12 Nov 2020 05:34:27 GMT

Saving 60,000 jobs is a big win!

Thank for sharing

Re: J.C. Penney emerging from bankruptcy could save 60,000 jobs

Anonymous — Thu, 12 Nov 2020 18:22:58 GMT

I wonder if that also means rehiring all those laid off when the shutdowns started, knew someone who was laid of and spent months waiting for unemployment benefits to finally roll in.

Also as I have thought the same for all the other troubled retailers going through the same thing, I wonder just how long it buys them?

At some point you're just going to run out of Money and this new era isn't helping. I have a feeling that going forward these brick and mortar stores are going to have severely shrink their footprint and workforce to a more of an old style catalog type smaller stores. Pre-pandemic people were already shopping online more and more, so now i imagine it has increased significantly.

Re: J.C. Penney emerging from bankruptcy could save 60,000 jobs

cashorcharge — Thu, 12 Nov 2020 19:30:57 GMT

Thanks for sharing and KUDO's to JCP for keeping those people employed. Hopefully they're successful in the stores remaining open for shoppers to come in...or even purchase online.