US retailer JC Penney files for bankruptcy as lockdowns take toll
Iconic American department store chain JC Penney filed for bankruptcy on Friday as coronavirus-related lockdown measures took a toll on the company that was already experiencing financial troubles. The 118-year-old department chain announcement comes as the US Commerce Department announced a historic 16.4-per-cent drop in retail spending in April. In a statement on Friday, JC Penney said […]