846 Stores. 85,000 Employees.
An American Retail Institution in Transition.
Eaton Hudson founder James Schaye, through Hudson Capital Partners, participated in the liquidation advisory process for JC Penney — one of America's largest and most storied department store chains — following its Chapter 11 bankruptcy filing.
The Engagement
JC Penney, founded by James C. Penney in 1902 and one of America's most iconic department store chains, filed for Chapter 11 bankruptcy protection in May 2020 with 846 stores and approximately 85,000 employees. The filing came after years of strategic challenges accelerated by the COVID-19 pandemic's impact on in-store retail. James Schaye, through Hudson Capital Partners, participated in the liquidation advisory process for the chain — an engagement that reflected the decades of major retail disposition experience that now underpins Eaton Hudson's institutional platform.
This engagement was led by Eaton Hudson founder James Schaye through Hudson Capital Partners, the predecessor firm whose institutional track record is now represented under the Eaton Hudson banner.
Scope of Work
- Liquidation advisory participation for JC Penney store locations
- Department store merchandise disposition across apparel, accessories, home goods, and jewelry categories
- Coordination within a complex multi-party bankruptcy and restructuring process
The Eaton Hudson Advantage
JC Penney represented one of the most complex and emotionally significant retail restructurings in modern American retail history. Involvement in an engagement of this scale — requiring simultaneous expertise in inventory valuation, real estate disposition, and creditor coordination — reflects the institutional depth that distinguishes Eaton Hudson from single-service liquidation firms.
Navigating a Department Store or
Large-Scale Retail Transition?
Our advisory team brings institutional experience from the largest department store restructurings in U.S. history.
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