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PSA: JCPenney files for Chapter 11 bankruptcy

601 2,554 April 24, 2020 at 01:46 AM in Other (2) Get JCPenney coupons Coupons
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Last Edited by ctujackbauer May 18, 2020 at 09:25 AM
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Probably not really surprising news to anyone here, but looks like the time has finally come for JC Penney.

This article just broke on the WSJ (paywalled):

https://www.wsj.com/articles/j-c-...1587688846

Title updated. See later posts and news that JCPenney is now in Chapter 11 bankruptcy.
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GC's still good?
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Quote from Ashvins
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GC's still good?
For now. The trend in retail bankruptcy has been to give gift card holders a certain date to redeem them. Toys R Us was a good example.

Retail bankruptcies in the past (Linens n Things, Circuit City) didn't give you that chance.
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Quote from ctujackbauer
:
For now. The trend in retail bankruptcy has been to give gift card holders a certain date to redeem them. Toys R Us was a good example.

Retail bankruptcies in the past (Linens n Things, Circuit City) didn't give you that chance.
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Quote from Ashvins
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It might not be a bad idea to use them up before the bankruptcy judge makes a ruling though. Just in case.

Plus liquidation sales aren't very consumer friendly.
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Quote from ctujackbauer
:
https://www.cnbc.com/2020/05/15/j...iling.html

Now official.
I suggest a title and OP edit.
I got wind today also (see link below), and almost posted it since you have not (in your title or OP). Good thing I read this post the thread (I didn't bother following your link), but others should know it is happening for sure.
https://www.nytimes.com/2020/05/1...ca857a7f1e
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