J.C. Penney Bucks Trend, Pays Its April Rent
While Cheesecake Factory (NASDAQ: CAKE) declared it will stop paying rent during the coronavirus pandemic and other companies have called for a "rent strike," one unlikely retailer, J.C. Penney (NYSE: JCP), is honoring its monthly obligation.
Bloomberg reports that although the financially troubled retailer has closed its 850 stores across the country, one landlord for several J.C. Penney locations says it has been paid by the retailer for April without being asked to make any concessions.
Image source: J.C. Penney.
Source Fool.com
