Bankruptcy of a long-established retail giant "JC Penny" New Corona impact May 16 8:59

Due to the spread of the new coronavirus infection, the management of retailers such as clothing majors and department stores continues to be stalled. In the United States, a major "JC Penny" went bankrupt. This is the third major retail bankruptcy in the United States this month.

According to the announcement, JC Penny applied for the application of Article 11 of the Federal Bankruptcy Code, which is the Civil Rehabilitation Law of Japan, to the court on the 15th, and the business went bankrupt.

JC Penny was founded in Western Wyoming in 1902 and the store is named after one of its founders. From daily necessities to furniture, we have expanded our business results in the form of a general supermarket called GMS, which has expanded to more than 1,000 stores, along with Wal-Mart and Sears, becoming the leading retail chain in the United States.

However, due to the slump in the popularity of online shopping, we have been promoting business reconstruction due to the closure of large-scale stores in the past few years, but due to the spread of the new coronavirus infection, many stores were forced to suspend their business. It seems that they were quickly stuck in cash flow.

In the United States, this month, clothing giant "J.CREW" and high-end department store "Niemann Marcus" have all gone bankrupt. .