And just like that poof, J.C Penny files for bankruptcy

[Anerdyblackguy]

 

[Mandizi]

SMH, JC Penney had the best sales and discounts.

I once saved more than I spent for clothes there one day.

Sorry it had to be them.

 

[Canada Goose]

NOOOOOO!!!!!


One of favorite stores, first Modells went out of business, now JC Penney I loved going to JC Penney for their graphic tees.


Modells, JC Penney and Old Navy are my top three stores for clothes and now only Old Navy remains

 

[Ya Sinning Mane]

dang That sucks
They had decent stuff in there sometimes

 

[ZILFIN]

They were hanging on by a pinky nail before, so it was inevitable.

 

[Phantum]

Corona or not, that place was doomed.

 

[Sterling Archer]

Bankruptcy doesn’t means it’s gone.

 

[Pazzy]

Jcpenney always files for bankruptcy. Lol.

 

[Anerdyblackguy]

First J.Crew
https://www.thecoli.com/threads/rip...o-file-for-bankruptcy-during-covid-19.777414/


Then Nieman Marcus
https://www.thecoli.com/threads/talk-about-a-last-call-neiman-marcus-files-for-bankruptcy.778082/


Covid-19 is like

 

[Batsute]

They’ll probably get bought up by Amazon and become a distro center.

malls are dying everywhere and JC Penny was too slow to respond.

 

[kingjones29]

Macy’s might be next

 

[levitate]

Will likely close 20% of stores and keep it moving.

Then repeat the same thing in 5 years.

 

[Cowboyz89]

They won't be totally gone. Bankruptcy isn't always what it sounds like.
On a side note my first ever job was at JC Penney. This was about 13 years ago and their loss prevention was trash.
We ate so good off that store

 

[EBK String]

they have been struggling for nearly two decades. Covid is just pulling the plug on these struggling business.

 

[MJ Truth]

I thought they were already bankrupt and shut down.