J.C. Penney is preparing for bankruptcy.
A report by Reuters suggests that the troubled department store chain could file as soon as next week.
The Coronavirus Pandemic has made an already-grim situation significantly worse for retailers like Macy’s and J.C. Penney.
The report says upwards of 212 stores will be shut down. That’s approximately 25% of its fleet.
It’s unclear if any local stores will be impacted by the closures.
J.C. Penney operates locations in Auburn, Canandaigua, Syracuse, Cortland, and Victor.
Check out the full-report from Reuters here.
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