FILE PHOTO: The sign outside the J.C. Penney store is seen in Westminster, Colorado February 20, 2009. (Photo : REUTERS/Rick Wilking/File Photo)
FILE PHOTO: FILE PHOTO: A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. (Photo : REUTERS/Mike Blake/File Photo)
FILE PHOTO: An empty shopping cart sits in front of the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. (Photo : REUTERS/Kamil Krzaczynski/File Photo)
FILE PHOTO: The Spring catalog is on display at the J.C. Penney store in Westminster, Colorado, February 20, 2009. (Photo : REUTERS/Rick Wilking/File Photo)
The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. (Photo : REUTERS/Jeenah Moon)
FILE PHOTO: The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. (Photo : REUTERS/Jeenah Moon/File Photo)
American shoppers are spending less as thousands of retail stores close. (Photo : REUTERS/Mark Makela/File Photo)
The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. (Photo : REUTERS/Jeenah Moon)
The Ludlow Shop, the J. Crew Group store is seen, after the company filed for bankruptcy protection, in New York City, New York, U.S., May 4, 2020. (Photo : REUTERS/Brendan McDermid)
A number of retailers and restaurant companies have already filed for bankruptcy in 2020.
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