J.C. Penney Closing Stores After Filing For Bankruptcy
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Business, Architecture
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What major financial step did JCPenney take amid the pandemic?
Filed for Chapter 11 bankruptcy
Launched a new product line
Merged with another retailer
Increased store openings
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much cash does JCPenney currently have on hand?
$750 million
$1 billion
$500 million
$2 billion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which company is reportedly interested in buying JCPenney?
Best Buy
Target
Walmart
Amazon
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the challenges JCPenney faces due to COVID-19?
A new reality requiring difficult business decisions
Increased competition from new retailers
Expansion into international markets
A surge in online sales
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which other retailers filed for bankruptcy alongside JCPenney?
Dillard's and Bloomingdale's
Sears and Nordstrom
Neiman Marcus and J.Crew
Macy's and Kohl's
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