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Ever since JC Penney filed for bankruptcy earlier this month, rumors have swirled around potential buyers. The latest—and most dissected by insiders—is Amazon.
The growth numbers for most of the top 25 global retailers in the first quarter of 2020 looked bleak as the effects of COVID-19 are showing. Experts are expressing optimism moving forward.
The bar group's president said the deal was being terminated after the buyer "failed to attend or tell us they weren't going to be there" at a virtual real estate closing.