J. C. Penney Company, Inc., an American shopping mall icon, has lost in its fight to avoid bankruptcy. In this COVID-19 pandemic, struggling public retailers that have stayed alive by loading up on debt are running out of time.
American retailer Pier 1 Imports, Inc. struggled to stay solvent, leading to filing for Chapter 11 bankruptcy protection. As the chain plans to close nearly half its stores, we focus on how things deteriorated to this point and how our subscribers were notified early.
A popular technology solutions provider to the energy sector, Houston-based McDermott International, Inc. has met Chapter 11 bankruptcy - a fate which wouldn't have surprised vigilant CreditRiskMonitor subscribers.