JCPenney files for bankruptcy as the coronavirus hammers retail

JCPenney files for bankruptcy as the coronavirus hammers retail

The long struggling department store JCPenney filed for bankruptcy on Friday, becoming the third major retailer following J.Crew and Neiman Marcus to restructure its debt as the coronavirus continues to pummel the retail industry. The retailer said it plans to close additional stores through bankruptcy. The first phase of closures will be disclosed in the […]