J.C. Penney 'will file for bankruptcy and
plans to permanently close around 200
of its stores' - just days after Neiman Marcus
and J.Crew also filed amid the economic
fallout from the coronavirus pandemic
Posted By: Imright, 5/9/2020 12:30:13 PM
J.C. Penney Co is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter. A bankruptcy filing would cap a long decline for the iconic 118-year-old department store chain, which struggled with a nearly $4-billion debt load and competition from e-commerce firms even before the pandemic's onset.The Plano, Texas-based company, which employs nearly 85,000 people,
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By Biden Fulfilling His Radical Abortion Promises 37 replies
By Biden Fulfilling His Radical Abortion Promises 37 replies
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