Lurker > WastelandCowboy

So when are we getting the Terry Crews character as president?

Microbes

Water has what they crave

does anyone need an aluminum briefcase?

can you send me one if you have dubs? My mums been bugging me for it

I'm 135 at 6'0'' what now?

How is JC Penney even a thing still

My dad doesnt have money problems.

In its 118-year history, J.C. Penney has gone from a Wyoming-based dry-goods store to being a key pillar of the American mall.

But like many malls across the country, J.C. Penney has been struggling for some time. The coronavirus lockdowns finally took the department store over the brink. The company said Friday that it's filing for bankruptcy and plans to close some of its stores "in phases," the timing and scale of which will be disclosed "in coming weeks."

It's the latest and likely not the last retailer whose preexisting conditions led them into bankruptcy during the pandemic, as clothes shopping has fallen off a cliff and the U.S. economy careens into a recession. In April, clothing purchases dove 79% amid a record 16.4% drop in overall retail sales.

Preppy retailer J.Crew and luxury department store Neiman Marcus were the first to turn to Chapter 11 proceedings to renegotiate their debt loads amid the coronavirus. Sears, J.C. Penney's historic rival, went into bankruptcy in 2018.

Promising fashion and housewares on a budget, J.C. Penney was once described by a New York Times critic as the "perennially square department store." It has been caught in a years-long cycle of financial losses, ever searching for an identity and a popularity boost.

The retailer currently has some 850 store locations and 90,000 employees. In a statement, CEO Jill Soltau said the company hopes to emerge from bankruptcy a leaner, smaller operation.

"Implementing this financial restructuring plan through a court-supervised process is the best path to ensure that JCPenney will build on its over 100-year history to serve our customers for decades to come," she said.

Indeed,J.C. Penney began 2020 with hopes of yet another turnaround.

Under Soltau, the company appeared on track with the latest revival plan. The retailer pinned some of its hopes on new negotiations with suppliers and landlords and the latest store redesign, with space for workouts, haircuts and coffee breaks. The company also ditched appliances yet again and even dipped its toes into selling used clothes.

But the coronavirus pandemic has disrupted J.C. Penney's plans as it forced malls and nonessential stores to shut for weeks. Already facing declining sales, the company in April missed a $12 million interest payment on its amassed debt.

Founded in 1902 by a man with an unlikely name of James Cash Penney, J.C. Penney has lived through many cycles of headlines about its looming demise and promises of a revival.

In the 1980s, J.C. Penney cut an ill-fated but revolutionary deal for high-end superstar Halston to design affordable fashions for the masses. In the 1990s, J.C. Penney dominated with a massive catalog operation and became one of the early stores to begin selling on the Internet. In the mid-2000s, it struck a formative partnership with cosmetics company Sephora.

In the 2010s, J.C. Penney taught one of retail's biggest cautionary tales with the high-fanfare hire of Apple's retail chief Ron Johnson as CEO. Johnson promised J.C. Penney a radical transformation with an appeal to younger shoppers. But his aggressively fast changes which included abolishing discounts and sales alienated loyal shoppers, costing J.C. Penney nearly $1 billion.

Its more recent history of store closures, job cuts and more recalibrations has helped turn venerable J.C. Penney into a penny stock. Since January, the company's shares have been valued at less than $1.

Hurt Atlas Moth x5

Turnips are 611, 1 bell short of the maximum possible value for having bought them at 102. I'm okay with this. My hybrid yellow mums also produced a green one today, so I apparently don't need to wait for them to produce a second hybrid purple and I'm all done breeding mums now. Nifty.

Hurt Tadpole x5

I'd like golden seats too if I can come

I'd like to stop by for the DIY and vanity!

if she was wearing a shirt that is pro choice, she wouldn't want abortions to be illegal

Damn y'all really be playing every day

Hurt Sea Bass x5

thanks to you guys watering my stuff yesterday, I have more hybrid yellow and purple mums. soon I'll have more green mums.
also finally got hybrid red windflowers, so I'll get purple ones soon.

Should be, she'll be here all night.

If that protester was also in California then guaranteed she's pro-choice.

I'll pm you when I'm back online.

@WastelandCowboy I have Redd on my island today, selling 2 real artwork. Want one?

CJ's back. I hope the frog statue looks good.

@WastelandCowboy can I get a Mummy Mask?