Coronavirus struck final blow to already struggling department store, reportedly largest retail casualty so far
JC Penney, the more than 100-year old US department store chain, filed for bankruptcy on Friday, making it the latest business to hit bottom amid the coronavirus pandemic.
The chain, known for selling family apparel, cosmetics and jewelry, is the latest in a series of victims of the pandemic-induced economic downturn. With its 850 stores and almost 90,000 workers, it is also reportedly the largest retail casualty so far.
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