J.C. Penney Co. made a $17 million interest payment, staving off bankruptcy, a regulatory filing showed.

J.C. Penney Co. made a $17 million interest payment, staving off bankruptcy, a regulatory filing showed. Shares of the retailer have seen their value almost completely wiped out by a change in consumer preferences and a shift to e-commerce shopping from brick-and-mortar.

For more news, please go to FoxBusiness.com and watch Fox Business Network.

More NewslettersUnsubscribePrivacy PolicyContact Us

©2020 Fox News Network, LLC. 1211 Avenue of the Americas, New York, NY, 10036. All Rights Reserved. Privacy Policy

Fox Business never sends unsolicited email. You received this email because you requested a subscription to Fox Business Breaking News Alerts from FoxBusiness.com