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>> JCPENNEY Latest News

APR 16, 2013 - New York Post

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Penney looking under the cushions

JCPenney has begun tapping its credit line, and it isn’t being shy about it. The cash-strapped retailer said yesterday it has drawn down $850 million of its $1.85 billion credit line — a bigger-than-expected amount, according to some analysts, as it begins building its inventory for the crucial fall...

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