Breaking News

Pinching penney

JCPenney is facing a fresh credit squeeze.
CIT — the largest commercial lender in the US apparel industry — has abruptly stopped financing deliveries from smaller manufacturers to Penney stores, The Post has learned.
The reason for the clampdown couldn’t immediately be confirmed.
CIT and Penney didn’t respond to requests… …read more
Source: NY Post

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Posted by on August 1, 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.