The retailer posted dismal holiday results in its third-quarter earnings release.
News & Analysis: J.C. Penney
Sales fell during the holiday season.
With billions of debt repayments due in the next few years and declining sales, bankruptcy is a serious concern for shareholders.
Don't believe the hype.
Data from Cyber Monday shows record online sales, and that could mean trouble for traditional retailers already struggling with in-store sales.
The retailer was able to reduce its losses despite a sales decline.
This could be their most important holiday season ever.
It's all on the line for these companies.
The day hasn't even come, but it's easy to predict some of the failures that are ahead.
It's still a long shot, but the retailer's new CEO has a few ideas for a comeback.