See the Retail Apocalypse at JC Penney
Moreover, JC Penney’s debt was over 10 times the size of its July 2, 2019; market capitalization of $345.33 million. Given these figures, I cannot see how JC Penney can pay off those debts.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The Retail Apoclaypse the Worst is Yet to Come