J.C. Penney files for bankruptcy, plans to close some stores
J.C. Penney became the latest national retailer to seek Chapter 11 bankruptcy protection. The department store chain was struggling even before the coronavirus pandemic. (Mike Blake/Reuters) By Abha Bhattarai May 15, 2020 at 7:24 p.m. EDT Department store chain J.C. Penney filed for bankruptcy protection on Friday and said