Watch CBS News

J. Crew files for bankruptcy amid coronavirus lockdowns

J. Crew announced it's filing for bankruptcy protection. It's the first national retailer to take this action since the coronavirus pandemic forced companies to close their stores. J. Crew's sales had slipped in recent years, and it is nearly $2 billion in debt. The retailer says it expects to stay in business and emerge from bankruptcy as a profitable company.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.