A Rapid Shakeup For Retailers As Consumer Habits Change

J.C. Penney is among several chains that have announced plans to close stores this year.

Nine U.S. chains have filed for bankruptcy this year. Store closures are accelerating, and 89,000 retail jobs have been lost since October. “The disruption is just unfolding,” a former executive says.

(Image credit: Mark Lennihan/AP)