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Ch. 11 is J.C. Penney's best shot at a turnaround, but it's not a sure one | Retail Dive
https://www.retaildive.com/news/ch-11-is-jc-penneys-best-shot-at-a-turnaround-but-its-not-a-sure-one/578168/
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Bankruptcy will give the retailer a chance to shed debt and close stores. But when — and if — Penney makes it out, it still faces an ailing sector.
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