JCPenney files for bankruptcy

  • By cvbizz
  • May 15, 2020
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J.C. Penney filed for bankruptcy protection Friday.It’s the latest retail giant to see its downfall hastened by the coronavirus crisis. The pandemic was the final blow to a 118-year-old company struggling to overcome a decade of bad decisions, executive instability and damaging market trends.As part of its reorganization, the company said late Friday it will be closing some of its stores and will disclose details

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