The remain liquid because of their properties and they’ve extended their credit line . ..but they cannot continue as is for much longer.
I don’t see bankruptcy ahead at all....and I work there. If it continues to slide there are varying options they can resort to...one of which Johnson will be booted....IMO should have been awhile back.
But the problem is the customers are not buying the changes....they’ve lost their base customers and have yet to attract the younger customers.....this was expected but certainly not to the degree that’s playing out.
CNBC has not had one peep about Degenerate causing the collapse of JCP. They blame everything else BUT bad decisions.
Those experts do not see the current ceo lasting the year. The board is in full omg omg omg omg alert.