J. C. Penney

With a planned sale to its bankruptcy lenders and biggest landlords, the retailer must first finish a staggering lease agreement with less than a week to close the deal.

The standstill comes ahead of a crticial quarter, raising the prospect that creditors will carry the burden of millions of dollars in extra costs.

The push comes as J.C. Penney, its biggest landlords and holders of most of its senior debt work to execute a bid that would rescue the company by October 16.

Step by step, luxury brands have adopted the fast fashion model, with Covid-19 set to complete the shift, argues Liroy Choufan.

This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.