JC Penney Files For Bankruptcy Amid Covid 19


The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy, per theAP. It is the fourth major retailer to meet that fate. As part of its reorganization, the 118-year-old company said late Friday it will be closing some of its stores and will disclose details and timing in the coming weeks. Read more here>>>https://www.newser.com/story/290978/another-retailer-topples-in-pandemic-jc-penney.html

Source: Newser

Photo: Getty

JC Penney Makes Overdue Loan Payment, Temporarily Staving Off Bankruptcy

JC Penney Makes Overdue Loan Payment, Temporarily Staving Off Bankruptcy

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