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Neiman Marcus Files for Bankruptcy

In March 2019, the luxury retailer Neiman Marcus opened its first outpost in Manhattan. Spread over three floors and 188,000 square feet, the store was an anchor tenant of the gleaming Hudson Yards development and, […]

By |2020-05-08T11:29:41-04:00May 8th, 2020|Articles|Comments Off on Neiman Marcus Files for Bankruptcy

JCPenney Misses Bond Payment

JCPenney Shares Have Fallen 77% in 2020

The situation at troubled retailer JCPenney got more serious as the company missed a $12 million debt payment due Wednesday. The company said that it has a 30-day grace period to make the payment. "JCPenney made the strategic decision to ... take advantage of the 30-day grace period to continue ongoing discussions with lenders...

By |2020-04-17T10:08:02-04:00April 17th, 2020|Articles|Comments Off on JCPenney Misses Bond Payment