J.C. Penney files for bankruptcy protection

May 16, 2020 by  
Filed under News

J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.

Source: Reuters Business News

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