JCPenney files for bankruptcy as the coronavirus hammers retail

“The American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business,” said CEO Jill Soltau.
JCPenney, weighed down by debt and battered by the coronavirus, has filed for bankruptcy.
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JCPenney files Chapter 11 bankruptcy amid COVID-19 pandemic

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