JCPenney as of late praised its 118th birthday celebration, yet its most recent monetary news has customers thinking about how much longer the striving retail chain will keep its entryways open. In wake of the Covid emergency, J.C.Penney Company, Inc petitioned for Chapter 11 insolvency, joining retailers like J. Team and Neiman Marcus. This doesn't come as a shock, however. JCPenney was battling well before the pandemic because of an ascent in web-based shopping and the danger of enormous box retailers like Walmart and Target. It even shut down six stores recently and posted a 5.5% decrease in deals for the initial three months of 2019. Since the beginning of 2011, the retailer has shut over 20% of its stores and cut over 40% of its staff, yet it actually stays greater than Macy's, Dillard's, and Nordstrom. Chief Jill Soltau claims the retailer was ok recently: "Until this pandemic struck, we had gained critical ground modifying our organization had just started to p