J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisers to explore debt restructuring options, potentially buying it more time for a turnaround.
J.C. Penney says: "As a public company, we routinely hire external advisors to evaluate opportunities."Christopher Dilts | Bloomberg | Getty Images
"As a public company, we routinely hire external advisors to evaluate opportunities for the Company," Penney said in a statement.
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