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Montevideo, June 8th 2023 - 21:35 UTC

Tag: retail industry

  • Saturday, May 16th 2020 - 07:44 UTC

    An icon of US retail industry, J.C. Penney filed for bankruptcy protection

    The U.S. department store chain, known for selling family apparel, cosmetics and jewelry at roughly 850 locations, said it reached an agreement with existing lenders

    J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.