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...