J.C. Penney filed for bankruptcy!

[➕👇 ꓤꓱꓷꓠꓵ🎵Tone]

Noooooooooooooo 😢

The 118-year-old department store is by far the biggest retail casualty of the coronavirus pandemic.

Friday, May 15, 2020 6:52 PM EST

Its collapse follows other retail bankruptcies this month, including J. Crew, the Neiman Marcus Group and the designer men’s clothing brand John Varvatos.

https://www.nytimes.com/2020/05/15/business/jc-penney-bankruptcy-coronavirus.html?smid=em-share   "J.C. Penney, with its budget-friendly clothing for families and reliable home furnishings, was for years a cornerstone of American malls and an undeniable success story. What started as a humble dry goods store in Wyoming in 1902 was a century later a national chain with a household name and more than 1,000 locations. But on Friday, the company filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry. The chain has more than 800 stores and nearly 85,000 employees." (I hope the link works)

Edited May 15, 2020 by Maʹher-shalʹal-hash-baz
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[zoebarry]

JCPenny’s sales have been declining for YEARS. I’m not at all a bit surprised.
 

Now Neimann Marcus going under.....that was a HUGE surprise.

[Qapla]

I read an article a couple months ago that predicted several companies would file after the C-19 problems ... JC Penny was one of the companies mentioned

 

Doesn't surprise me a bit  

[Qapla]

I also read that, what is left of Sears/Kmart will file and close what stores are left open and both those entities will be no more

[Dustparticle]

The hand writing for them was on the wall years ago.

[walkr2]

I also read that, what is left of Sears/Kmart will file and close what stores are left open and both those entities will be no more

Sears in our area closed about two months ago! We‘re getting a Publix! Pretty good news for me!

Voni in N C

[daydream]

Even here in the far east, many supermarkets including a few well known high end outlets had been closing down in the later part of 2019 and 1st 2 months of 2020. I was carting home trolleys load of groceries home after each closure. Most of these supermarkets were owned by Hong Kong billionaires. Well known outlets like Cold Storage and Jason Food Hall. The low end ones are Giant and a few Tesco hypermarkets. If only these entrepreneurs had seen the pandemic coming, they could have recoup some of their previous losses from the surge in panic buying. 

I was so angry at all the sniggerings I receive from everyone because my trolleys were always so full of these heavily discounted items from the supermarkets. Everyone used to make fun of me, like asking me if I was opening up a store. But like the saying goes, he who laughs last, laugh best. 

 

[Brother_Bliss]

All the big department stores in my area have dried up.

 

No more Sears, no more Macy's, and soon to be no more JC Penney's

[Doug]

As we cry in our beers over the JCPenney fail ,

Please take note that the executives took large bonuses just before filing for bankruptcy.

The rats were not going down with the ship !!!!

[DarinS]

First thing my son said was ‘too bad’ ....but at least they should have some great sales for us......his silver lining

 

@ Voni......Publix is great.....not as cheap as Wallymart...but better selection ...great variety....good subs

—-they will even take the groceries to your car 

 

we have 3 super Walmart’s - to Sams clubs and 2 walmart home market in my town.......and i go to them

but when i want something specific or more than 4 choices — its my go to

 

i think they are the 3rd largest in the US

[walkr2]

First thing my son said was ‘too bad’ ....but at least they should have some great sales for us......his silver lining

 

@ Voni......Publix is great.....not as cheap as Wallymart...but better selection ...great variety....good subs

—-they will even take the groceries to your car 

 

we have 3 super Walmart’s - to Sams clubs and 2 walmart home market in my town.......and i go to them

but when i want something specific or more than 4 choices — its my go to

 

i think they are the 3rd largest in the US

Thanks! My first Publix experience was in Miami on a job! People at that time were walking around Miami with cell phones almost as big and bulky as a mans shoe! Thinking about now is hilarious.

I was very impressed with Publix though.

 

Voni in NC