J.C. Penney's Sad Story Of Going Broke Slowly, Then Suddenly

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J.C. Penney’s demise was a slow-moving retail trainwreck that lasted for years, then Covid-19 quickly pushed it over the edge into bankruptcy.

First, this town lost its Macy's. Then Sears. Now, all eyes were on J.C. Penney. - The Washington Post

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J. C. Penney, the Man: A Life of Perpetual Sharing - Business History - The American Business History Center