A JC Penney store is seen closed in Frisco, Texas, the United States, on May 16, 2020. U.S. retail giant JC Penney filed for bankruptcy on Friday due to the impact of COVID-19. The company said in a statement that it had entered into a restructuring support agreement with lenders that hold around 70 percent of its first lien debt "to reduce the company's outstanding indebtedness and strengthen its financial position." (Photo by Dan Tian/Xinhua)
