JCPenney to hire advisers in struggle to manage debt amid coronavirus

JCPenney has approached consulting firm AlixPartners as the US retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak that has forced… Continue reading at New York Post