Wesley Chapel, FL, USA. 24th May, 2020. Shoppers look for bargains at JC Penney store at Wiregrass Mall in Wesley, Chapel, Florida. The company, which recently filed for bankruptcy, has 846 stores and 85,000 employees. The companyÃs troubles could be the largest symbol of what COVID-19 may mean for retailers already struggling for survival. The department store chain filed for bankruptcy in mid-May and is asking a federal judge to authorize the rejection of 20 leases in the opening salvo of the company's Chapter 11 bankruptcy. The company said it plans to ''accelerate'' permanent store closi
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6016 x 4016 px | 50.9 x 34 cm | 20.1 x 13.4 inches | 300dpiDate taken:
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May 24, 2020, Wesley Chapel, FL, USA: Shoppers look for bargains at JC Penney store at Wiregrass Mall in Wesley, Chapel, Florida. .The company, which recently filed for bankruptcy, has 846 stores and 85, 000 employees. The companyÃs troubles could be the largest symbol of what COVID-19 may mean for retailers already struggling for survival. .The department store chain filed for bankruptcy in mid-May and is asking a federal judge to authorize the rejection of 20 leases in the opening salvo of the company's Chapter 11 bankruptcy. The company said it plans to ''accelerate'' permanent store closings as part of its bankruptcy and is sign of the once-venerable brand's long decline. While coronavirus pressure played a part in JCPenney turning to Chapter 11, it had struggled for years to regain its status as one of the premier shopping destinations for America's middle class..Even before coronavirus, JCPenney had been hit particularly hard by nearly a decade of declining foot traffic. (Credit Image: © Robin Rayne/ZUMA Wire)