J.Crew Files for Chap. 11 as Pandemic Chokes Retail

J. Crew is the first major retailer to file for bankruptcy since the start of the pandemic.

  • Published 4 May 2020

[template id="245201"] NEW YORK (AP) — The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the pandemic forced the closing of most stores in the United States. More retail bankruptcies are expected in coming weeks with the doors of thousands of stores still locked, though states have begun a staggered restart of their economies. March sales at stores and restaurants had their most severe plunge on records… Read at AP News