A street remains mostly deserted near a J Crew store during the coronavirus pandemic on May 3, 2020 in New York City. (Photo by Rob Kim/Getty Images) NEW YORK (AP) - The owner of J.Crew is filing for Chapter 11 bankruptcy just over three months after the first person in the U.S.
tested positive for COVID-19. More bankruptcies across the retail sector are expected in coming weeks with most stores still closed, though states have begun a staggered restart to their economies. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Sales at stores and restaurants plunged in March by the largest amount on records that date back to 1992.