![FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. REUTERS/Kamil Krzaczynski/File Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NW6FJ6WAIAPHSM7KJJGPO4BGJY.jpg?smart=true&auth=a79e1821012b33df7eeb6e147b0cf3223e0c77743c9104cef3f598d28f005021&width=400&height=225)
JC Penney said it had $500m of cash on hand as well alongside the fresh funding being provided by creditors. Reuters
JC Penney said it had $500m of cash on hand as well alongside the fresh funding being provided by creditors. Reuters
US retailer JC Penney files for bankruptcy protection
Department store chain has reached agreement with creditors for $900m in financing to continue operations