CORRECTED-UPDATE 1-J.C. Penney files for bankruptcy protection

J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.

from Reuters: Company News https://ift.tt/363mKXz