The traditional chain store found itself with insufficient liquidity to pay its debts.
JCPenney, Pier 1 Imports, Chuck E. Cheese and 13 other chains that
J.C. Penney store closings: Retailer files for Chapter 11 bankruptcy
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JCPenney - Wikipedia
JCPenney Files for Bankruptcy – Footwear News
JC Penney, century-old mainstay of US malls, declares bankruptcy
JCPenney ends 94-year run in Logan, Business
JC Penney, century-old mainstay of US malls, declares bankruptcy
J.C. Penney Rushes to Finalize Sale to Lender, Landlord Group
JCPenney Top Execs Get $1M+ Bonuses Ahead of Possible Bankruptcy
Iconic 118-year-old chain JC Penney files for bankruptcy, as
J.C. Penney Files for Bankruptcy, Closing Some Stores - The New