JCPenney has filed for Chapter 11 bankruptcy amid a downturn in sales due to coronavirus, including the location at the Valencia Town Center, which has been closed since April, officials said Friday.  The company announced that it has entered into a “restructuring support agreement” (RSA) with lenders holding approximately 70 percent of JCPenney’s debt to “reduce the company’s outstanding indebtedness ...

JCPenney announced Tuesday it plans to extend the temporary closure of its stores and business offices throughout the country, including in the Westfield Valencia Town Center, due to the coronavirus, COVID-19, pandemic, officials said. The announcement that JCPenney is set to furlough employees comes one day after a similar move from Macy’s. The company continues to follow guidance from local, ...