J.Crew becomes the first retailer in the US to file for bankruptcy during COVID-19 crisis

After news broke last week that the J.Crew Group would be filing for bankruptcy protection, the American retailer has announced that it began its Chapter 11 proceedings in federal bankruptcy court in Virginia. The company, which includes the brands J.Crew and Madewell, is the first retailer in the U.S. to file for bankruptcy protection since the COVID-19 pandemic forced retailers across the country to close brick-and-mortar stores for at least six weeks.