JCPenney explores debt management options

US-based retailer JCPenney has begun discussions with consulting firm AlixPartners LLP i to explore options for managing its debt, according to a report by Bloomberg News.

The retailer has been in talks with lenders in the past few weeks regarding its liquidity needs. The company is negotiating a possible debt deal.

JCPenney furloughed a majority of its staff last month after it was forced to shut stores due to the COVID-19 pandemic.