JCPenney, the long-established US department store, officially files for bankruptcy

On May 15th, U.S. time, JCPenney, a 228-year-old department store in the United States, officially filed for bankruptcy. Affected by the epidemic, four department store companies in the United States have filed for bankruptcy this month. The other three are J.Crew, Neimas, and StasgeStores. Data previously released by the U.S. Department of Commerce showed that U.S. retail sales in April hit the largest single-month decline since 1992. </p