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JCPenney has a new bedding brand, Linden Street, just over a week after it filed for Chapter 11 bankruptcy.
Bankruptcies have hit the fastest pace since the Great Recession — and more companies are expected to file
This year alone, 98 companies have filed for bankruptcy, the most since 2009, according to Bloomberg data. It's likely even more will file.
JCPenney cited the coronavirus pandemic as a major catalyst behind its bankruptcy filing. But, department stores have been struggling for years.
JCPenney will cut about 30% of its store count, bringing its total number of locations to about 604.
Once one of America's top department stores, JCPenney has struggled after a series of missteps. Here's how it has fallen from grace.
The 118-year-old JCPenney has filed for bankruptcy and plans to close some stores, the latest retailer forced into Chapter 11 by pressure from the pan...
JCPenney was forced to temporarily close all of its stores amid coronavirus. But its struggles stretch back for years.
The company faced a payment deadline on May 7 and used a five-day grace period to consider alternatives, according to a Friday regulatory filing.
JCPenney could file for bankruptcy amid a heavy debt load and closures related to the coronavirus pandemic.
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Shawn Gensch joined JCPenney from Sprouts Farmers Market and reported directly to JCPenney CEO Jill Soltau.