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"The bankruptcy filing caps a long decline for the 118-year-old department …

"The bankruptcy filing caps a long decline for the 118-year-old department store chain, which once operated more than 1,600 locations that became fixtures in U.S. malls. The company at one point employed nearly 200,000 people.

Even before the coronavirus outbreak, J.C. Penney was struggling with nearly $4 billion of debt and pressure from both discount retailers and e-commerce companies."

https://finance.yahoo.com/…/j-c-penney-files-bankruptcy-223…

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