By A Mystery Man Writer
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.
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COVID-19 Shutdown Pushes J.C. Penney Into Bankruptcy
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JCPenney Cuts 650 Jobs, Reducing Associate Count To About 50,000
JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business
JC Penney: US department store files for bankruptcy
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