Bankrupt – JCPenney
Published: December 16, 2022
With over 1,500 stores across the country and over 200,000 employees, the J.C. Penney Company was a mega retailer in the United States. It grew from humble beginnings with its founder James Penney and grew into an iconic retail institution in America. However those golden years only lasted until the early 2000’s, when the retailer experienced a violent downturn until its eventual bankruptcy in 2020. Join us as we find out how this company went from billions to nothing.