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May 15, 2020

JCPenney Gives Executives Bonuses Before Possible Bankruptcy Filing

On Monday, JCPenney announced that it paid a $4.5 million bonus to CEO Jill Soltau, and CFO Bill Wafford, Chief Merchant Michelle Wlazlo, and Chief Human Resources Office Brynn Evanson, each received ...

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May 14, 2020

JCPenney on The Brink of Bankruptcy

As the retail store faces bankruptcy threats, JCPenney has been in talks with major lenders to secure a $450 million “debtor in possession” (DIP) loan to keep the company afloat. The DIP loan is s...