FILE PHOTO: The sign outside the J.C. Penney store is seen in Westminster, Colorado February 20, 2009.
FILE PHOTO: FILE PHOTO: A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019.
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.
FILE PHOTO: The Spring catalog is on display at the J.C. Penney store in Westminster, Colorado, February 20, 2009.
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.
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.
American shoppers are spending less as thousands of retail stores close.
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.
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.