The pandemic-battered retailer filed for Chapter 11 bankruptcy in May.
ABC News Chief Business Correspondent Rebecca Jarvis breaks down why retailers are declaring bankruptcy and how it could be their saving grace.
Why is Macy's closing 150 stores? Is it because consumers are tired of paying high prices for imported clothing? Or because they don't want to get off their lazy butts to go
J.C. Penney Bankruptcy: Coronavirus Lockdowns Take Their Toll On Retailers : Coronavirus Updates : NPR
J.C. Penney emerging from bankruptcy could save 60,000 jobs - Good Morning America
Hiring site Glassdoor reveals jobs most 'at risk' due to COVID-19 - ABC News
J.C. Penney's Long, Slow Decline to Bankruptcy
J.C. Penney Executives Given Millions Of Dollars In Bonuses Days Before It Filed For Bankruptcy
J.C. Penney to close 130-140 stores, offers 6,000 workers early retirement
JCPenney files bankruptcy
J.C. Penney emerging from bankruptcy could save 60,000 jobs - Good Morning America
