J.C. Penney files for bankruptcy; Kroger says ‘thank you’ to its employees
Fox Business Briefs: Coronavirus pushes another retailer over the edge as J.C. Penney files for bankruptcy; Kroger is giving $130 million to its employees to say thank you for working during the pandemic.
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Sur La Table, the upscale kitchenware store, filed for Chapter 11 bankruptcy protection Wednesday, the company announced.
The Seattle-based retailer, known for its designer cookware and in-store cooking classes, said it will close roughly half of its U.S. stores permanently after being forced to temporarily shutter in March, like hundreds of businesses across the country, due to COVID-19. Roughly 20 percent of the company's staff was laid off permanently last month.