No new line of credit, it's a dead whale. Once a mighty company but will be going the way of the Dodo bird just like so many others. The stock on the shelves is getting older as we speak and losing some of it's value. Malls, once their bread and butter are now dead as well. Even if they got a loan from all this corona crack, they won't turn it around. No one wants to shop there anymore. Believe me, my wife wastes 5k a month on stupid idiotic spending and she told me that none of her friends shop at JCP anymore as they are considered an "old person's" store. Meaning their clothing and decor are considered by the younger crowd to be outdated and not to their taste. The older crowd that did still shop at JCP is getting to the age that they are not able to shop as much anymore and many of them do not buy online.
Basically their "old" supporters are dying off. That generation, like my grandmother that loved JCP, Sears, etc, are almost gone. There aren't enough of them around anymore to make a difference and the younger generation like my wife, think JCP is a joke and not a hip store to spend their money at.
I wouldn't even gamble on this dinosaur. Too many other safer investments out there to be had. I only even browsed at the JCP stock today because an article popped up on one of my news sites and even that was dire and talked about the inevitable.
