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Covid-19: JCPenney Files For Bankruptcy In Largest Retail Casualty Of Pandemic
In the largest retail casualty of the novel coronavirus (COVID-19) pandemic, JCPenney has filed for bankruptcy.
Founded in 1902, JCPenny has about 800 stores in the United States.
“The coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country," said Jill Soltau, chief executive officer of JCPenney, in a statement released on Friday, May 15. "As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to pr…
Covid-19: Macy's, Bloomingdale's, Nordstrom To Close All Stores
Three of the nation's largest retailers -- Macy's, Bloomingdale's and Nordstrom -- will be closing their stores temporarily due to the spread of the novel strain of the coronavirus (COVID-19).
Macy's said it would close all stores, including Bloomingdale's locations, at the end of the business day on Tuesday, March 17 through Tuesday, March 31. That's the same time frame for Nordstrom's scheduled closure.
Online stores for all three will stay open.
"The health and safety of our customers, colleagues and communities is our utmost priority," said Jeff Gennette, chairman and chief …