J.C. Penney in Talks With Landlords to Suspend or Reduce Store Rent Payments

The department store chain retailer is asking landlords for a rent abatement to suspend or only partially pay rent through the end of the summer in hopes of stashing away funds in hopes of preserving cash flow. With about half of its nearly 850 retail stores being leased, this could have a big impact throughout the country. Here's more: https://bit.ly/2ZZEimi