America’s century-old retail giant files for bankruptcy,more retailers may follow
America’s century-old retail giant files for bankruptcyA novel coronavirus pandemic has pushed struggling department store chain JCPenney inc. into bankruptcy protection, foreign media said. It is the fourth major U.S. retailer to suffer that fate. The 118-year-old company said late Monday that it would close some stores as part of its restructuring plan. The stores will be closed in stages throughout the bankruptcy process, with details of the first phase to be disclosed in the coming weeks, the company said. JC Penney [...]
