American veteran department store JCPENNEY officially submitted an application for bankruptcy

On May 15th, American time, JCPenney, an old-fashioned department store in the United States, officially submitted an application for bankruptcy. Affected by the epidemic, 4 departmental companies have proposed bankruptcy in the United States this month, and the other three are J.Crew, NeimanMarcus, Stagestores. Previously, the US Department of Commerce released data showed that the sales of US retail industry in April hit the largest monthly decline since 1992.