jcpenney chapter 11

JCPenney in Andalusia on List of 154 Stores to Close

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by WAKA 8

  JCPenney has released a list of 154 stores it plans to close as part of its Chapter 11 bankruptcy protection. The JCPenney in Andalusia is one of four stores in Alabama on the list. A court hearing is planned for June 11 in bankruptcy court in Texas. If a judge approves the plan, the closings could start immediately. According…

JCPenney Files for Chapter 11 Bankruptcy Protection

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by WAKA 8

The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. As part of its reorganization, the 118-year-old company said late Friday it will be closing some of its stores and will disclose details and timing in the coming weeks. It operates 850 stores and it…