JCPenney files for bankruptcy as Covid-19 hits retailers hard

Published: 18-May-2020
Finance Retail

The US retail chain will close stores in phases and plans to restructure under an agreement with lenders

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JCPenney files for bankruptcy as Covid-19 hits retailers hard
JCPenney files for bankruptcy as Covid-19 hits retailers hard

JCPenney, one of the US’ largest department store retailers, has filed for Chapter 11 bankruptcy.

The company hopes to strengthen its position for the

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