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April 20, 2020

JCPenney is reportedly eyeing bankruptcy and experts say other department stores and mall brands may soon follow as coronavirus decimates the retail industry

US retail sales fell a historic 8.7% from February to March, led largely by drops in clothing and accessories sales, which plummeted by a whopping 50.5%, according to a report released by the Commerce Department on Wednesday. The drop more than doubled the previous record of 3.8% held in November 2008, during the height of the economic recession.

https://www.businessinsider.com/experts-say-several-retailers-to-consider-bankruptcy-amid-coronavirus-2020-4