J.C. Penney Files For Bankruptcy As Lockdowns Take Their Toll

Posted by on May 15, 2020 7:01 pm
Categories: US National Stories

The remains of a J.C. Penney store are seen at an abandoned shopping mall in North Carolina. The department store chain is filing for bankruptcy as coronavirus lockdowns shatter its plans for recovery.

J.C. Penney began 2020 with hopes of yet another turnaround. Instead, the coronavirus shutdowns across the country have forced the department store and mall mainstay into bankruptcy.

(Image credit: Andrew Caballero-Reynolds/AFP/Getty Images)

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