USA: JC Penney: department store files for bankruptcy
 

[American department store JC Penney has
filed for bankruptcy becoming
the latest company
to be hit by Covid-19.
The 118-year-old store sells clothing,
cosmetics and jewellery at over
850 locations across the country.
It employs more than 80,000 people.
It filed for Chapter 11 bankruptcy
on Friday allowing it to restructure
even though it can no
longer pay its debts.
JC Penney's announcement
comes after J Crew filed for
bankruptcy last month.]

https://www.bbc.co.uk/news/world-us-canada-52691160


Sign Of The Times

Soon the world will be one giant walmart... now THAT'S deep! :laugh: