JCPenney filed for bankruptcy. The coronavirus crisis was the final blow to a 118-year-old company struggling to overcome a decade of bad decisions, executive instability and damaging market trends.

Several US retail chains, including Macy's, JCPenney, CVS, and Footlocker, are shutting down numerous locations in July.

JCPenney filed for bankruptcy on Friday, 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 ...

JCPenney is the fourth national retailer to file for bankruptcy just this month. On May 4, clothing retailer J.Crew filed for bankruptcy, followed by a filing at Neiman Marcus on May 7.

JCPenney has survived to see its 119th holiday shopping season. How many more it has ahead of it is tough to say. In May, the storied department store chain filed for bankruptcy, having been ...

JCPenney 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 US retailer to succ… ...

As JCPenney Exits Bankruptcy With New Owners, There Are Still Some Loose Ends. ByWalter Loeb. ... Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store.

After shutting down several stores in May, JCPenney is planning to close a warehouse and lay off nearly 300 workers this year ...

JCPenney emerged from Chapter 11 bankruptcy on Monday in a deal that leaves Simon Property Group and Brookfield Asset Management Inc as the owners and operators of the department store chain. On ...

JCPenney cited the coronavirus pandemic as a major catalyst behind its bankruptcy filing. But, department stores have been struggling for years.

JCPenney’s debt of about $4 billion forced it into bankruptcy in May 2020. It now has $485 million in long-term debt and liquidity of $1.5 billion. Long-term debt was reduced by $500 million in ...

JCPenney filed for bankruptcy. The coronavirus crisis was the final blow to a 118-year-old company struggling to overcome a decade of bad decisions, executive instability and damaging market trends.