Benzinga | Jul 23, 2020 11:24AM EDT

Why J.Jill's Stock Is Trading Higher Today

J.Jill (NYSE:JILL) shares are trading higher on Thursday after the company announced agreements to extend its forbearance period, providing additional time for J.Jill and its lenders to complete negotiations.

J.Jill operates a network of apparel stores in the United States. The company's business strategy is centred on the idea of offering products that appeal to the middle-aged affluent class of women. Its brand portfolio comprises of J.Jill, The J.Jill Wearever Collection and Pure Jill under which it sells jackets, sweaters, knit tops, tees and an array of other women's clothing and accessories that portrays an easy and relaxed lifestyle.

J.Jill shares were trading up 5.44% at 69 cents on Thursday during the time of publication. The stock has a 52-week high of $2.58 and a 52-week low of 31 cents.