JCPenney Is Looking To File For Bankruptcy

Wochit Tech 2020-04-17

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Business Insider reports that JCPenney is reportedly considering filing for bankruptcy protection.
The bankruptcy comes as US retail sales hit a record-breaking low.
Retail sales dropped a whopping 8.7% from February to March according to the Commerce Department.
Coronavirus lockdown has ravaged the retail industry.
Analysts expect that more retailers will go bankrupt before the pandemic ends.

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