Tag Archives: J.C. Penny

J.C. Penney’s Bankruptcy “Hail Mary”

Wyatt Rose-J.C. Penney, the 118-year-old infamous clothing behemoth, is one of the latest retail companies to fall victim to the newer and cheaper e-commerce revolution. As a result of its struggles against e-commerce powerhouses like Amazon and Walmart—coupled with COVID-19 woes—J.C. Penney filed for Chapter 11 bankruptcy in May of this year. However, in a […]