- J.C. Penney (JCP -3.5%) needs a good holiday season just to survive, according to The Deal.
- The retailer is sitting on a treasury trove of real estate, but those assets are largely tied to backing its big loan from Goldman Sachs.
- Sources inside the retail industry think a bankruptcy filing by JCP in Q1 when holiday cash is in hand might be the department store operator's most strategic move.
Dark clouds over J.C. Penney
Sep 24 2013, 14:53 ET