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May 18, 2020

J.C. Penney and more bankruptcy in retail

J.C. Penney becomes the latest in a line of major retailers to declare bankruptcy. Federal Reserve Chair Jerome Powell’s message to the government on COVID-19 relief. Walmart earnings and how our shopping habits have changed.

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For already-struggling stores like J.C. Penney, the hit to retail because of the pandemic has been too much.
For already-struggling stores like J.C. Penney, the hit to retail because of the pandemic has been too much.
Andrew Caballero-Reynolds/AFP via Getty Images

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J.C. Penney and more bankruptcy in retail