Breaking News

Penney looking under the cushions

JCPenney has begun tapping its credit line, and it isn’t being shy about it.
The cash-strapped retailer said yesterday it has drawn down $850 million of its $1.85 billion credit line — a bigger-than-expected amount, according to some analysts, as it begins building its inventory for the crucial fall… …read more
Source: NY Post

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Posted by on April 16, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.