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JCPenney CEO Touts $1.2 Billion Cash Buffer After Bankruptcy

https://www.bloomberg.com/news/articles/2021-05-07/jcpenney-ceo-touts-1-2-billion-cash-buffer-after-bankruptcy
JCPenney landed in bankruptcy court after foundering during the pandemic, but the reorganized retailer now sports a relatively big liquidity cushion and its sales are growing.