This is the incredible story of how JCPenney, an American retail icon lost its way and is on the verge of bankruptcy...
JCPenney, once traded in the stock market at $80/share at the height of its powers now about to be forced into bankruptcy and may close forever. In April, 2020 JCPenney missed a $12 million dollar debt payment and has just 30 days to come up with the money or else will be forced out of business. This video is the detailed story of how one of America's most powerful companies, grew for nearly 100 years and then has fallen hard and may never recover.
If you are like me, you've always loved having the chance to shop at JCPenney. The store had at least once location in all 50 states at one point, and offered quality clothing, with trendy styles at a great price. Now, JCPenney isn't known for much other than store closings and hanging on at the end of failing malls.
Sources: www.businessinsider.com
www.cnn.com
www.forbes.com
www.washingtonpost.com
www.jcpenney.com
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Disclaimer: I am not a financial advisor. These videos are created for educational and entertainment purposes only. You should do your due diligence before making investment decisions.
16 июл 2024
