JC Penney files for bankruptcy as coronavirus deals crippling blow to struggling 118-year-old department store chain

JC Penney has filed for bankruptcy as the coronavirus pandemic dealt a crippling blow to the struggling 118-year-old department store chain. The ailing department store chain – which employs 90,000 staff – has been struggling under a $4billion debt mountain and missed two payments in April and May. It is the fourth major retailer, following […]
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