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Is There Any Hope for J.C. Penney?

TheMotleyFool

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Is There Any Hope for J.C. Penney?Photo, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png

The retailer has been struggling, and the moves J.C. Penney (NYSE: JCP) has made have not worked. That leaves the company with limited prospects for a turnaround. CEO Jill Soltau is trying to buy herself time by extending maturity dates on the company's $4 billion in loans. That might help, but debt costs money, and it's hard to see how borrowing money will keep the struggling retailer afloat. On top of that, J.C. Penney stock has fallen below $1, and the company has six months to get it above that number or risk being delisted.

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Source Fool.com

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