The vacation season would be the first for brand spanking new CEO Jill Soltau, who’s tasked with turning round a ship that her predecessors couldn’t.

Shares of J.C. Penney are hovering over only a greenback, because the retailer has misplaced monitor of its core buyer, struggled to search out the correct stock and left buyers unsure it has motive to exist. It is also handled a string of excessive profile government departures, together with former CEO Marvin Ellison, who left for Lowe’s, and CFO Jeffrey Davis.

Soltau has mentioned her goal is to place J.C. Penney again on a path to worthwhile progress. Meaning, this vacation season, it will probably’t low cost its option to gross sales progress, it additionally must make some cash. That problem could also be heightened because it faces liquidation gross sales from Sears, one among its rivals in home equipment.

J.C. Penney this previous quarter misplaced 52 cents a share. Its shares are down 62 % since January. It has $4.2 billion in debt as of Aug. 4, 2018, in accordance with Factset.

Analysts have begun to query the way it will handle its debt load within the face of its gross sales and earnings decline. Senior Vice President Trent Kruse lately acknowledged the corporate’s leverage “is slightly forward” of the corporate, however mentioned its debt doesn’t come due for one more 5 years, giving it time to deal with these issues.

Kruse additionally mentioned the corporate will proceed to consider choices and alternatives with respect to its actual property and its debt.

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