J.C. Penney Co.’s plan to fund its turnaround with cash from operations is in jeopardy as the department store chain’s biggest quarterly loss since 2004 boosts the chances it will need alternative sources of capital.
J.C. Penney Co. Chief Executive Officer Ron Johnson is finding it harder to convince bondholders than stockholders that his plan to turn around the fourth- largest department-store chain is “on track.”
Credit investors are paying the most ever to protect against a default from RadioShack Corp. on concern that the consumer electronics retailer’s emphasis on selling mobile devices will fail to revive its fortunes.
J.C. Penney Co.’s creditworthiness is back where it was three years ago in the eyes of derivatives traders as Chief Executive Officer Ron Johnson struggles to revive the fourth-largest U.S. department store chain.
Amazon.com Inc. raised $3 billion in the bond market after an absence of more than a decade as its planned headquarters purchase is pushing capital spending beyond the cash it generates for the first time since 2001.
Gap Inc. is poised to recapture an investment grade from both major ratings firms for the first time since 2006, credit derivatives show, as the biggest U.S. specialty apparel retailer posts its best sales in five years.
Wal-Mart Stores Inc. bonds are rallying and short-term business borrowing is falling the most in three months in a sign credit markets are increasingly concerned that the economic recovery is stumbling.