A closed portion of a JC Penney department store at an indoor shopping mall is seen before the mall closes again due to new restrictions by the State of California during the global outbreak of the coronavirus disease (COVID-19) in Carlsbad, California, U.S., July 14, 2020. REUTERS/Mike Blake 

A JC Penney department store seen above empty parking lots at Woodbridge Center Mall that remains closed due to the ongoing outbreak of the coronavirus disease (COVID-19) in Woodbridge Township, New Jersey U.S., May 21, 2020. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY 

J.C. Penney sales have fallen over the past 15 years amid the rise of Amazon and the failure of a series of CEOs to rejuvenate the longstanding department store chain. 

Levi's men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. REUTERS/Mike Blake 

Levi's men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. REUTERS/Mike Blake 

A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. REUTERS/Mike Blake 

A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. REUTERS/Mike Blake 

A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. Picture taken July 31, 2019. REUTERS/Mike Blake 

A man with a Macy's bag walks past the J.C. Penney's store in New York, April 11, 2013. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD AUG 8" FOR ALL IMAGES? 

Shoppers ride escalators inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

A shopper looks at items on sale inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Shoppers look at a pair of jeans inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

A shopper looks at items on sale inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

A shopper looks at items on sale inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Shoppers wait to purchase sale items inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Shoppers look at clothing in a sales display in a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Shoppers ride escalators inside of a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

A young girl looks up at a toy sales display in a JC Penney store during Black Friday sales in New York, November 29, 2013. Black Friday, the day following Thanksgiving Day holiday, has traditionally been the busiest shopping day in the United States. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Traders work at the post that trades JC Penney's stock on the floor of the New York Stock Exchange August 20, 2013. J.C. Penney Co Inc's sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section, but there were signs the retailer was winning back customers this back-to-school season. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS) 

The ticker symbol for JC Penney is displayed at the booth trading the stock on the floor at the New York Stock Exchange, April 11, 2013. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS) 

JC Penney Chief Executive Ron Johnson (L) arrives at the New York state Supreme Court in Manhattan March 1, 2013. Johnson is scheduled to testify regarding the Macys suit against Martha Stewart Living Omnimedia for breach of contract, and J.C. Penney for interference and unfair competition. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS) 

JC Penney Chief Executive Ron Johnson (L) arrives at the New York state Supreme Court in Manhattan March 1, 2013. Johnson is scheduled to testify regarding the Macys suit against Martha Stewart Living Omnimedia for breach of contract, and J.C. Penney for interference and unfair competition. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS) 

JC Penney Chief Executive Ron Johnson smiles as he arrives at the New York state Supreme Court in Manhattan March 1, 2013. Johnson is scheduled to testify regarding the Macys suit against Martha Stewart Living Omnimedia for breach of contract, and J.C. Penney for interference and unfair competition. REUTERS/Lucas Jackson (UNITED STATES - Tags: CRIME LAW BUSINESS) 

A man shops for jeans at a J.C. Penney store in New York November 27, 2012. U.S. shoppers went to stores earlier this Thanksgiving weekend and bought online more than in years past, giving retailers a strong start to the holiday shopping season, data showed on Sunday. Analysts said while some of the larger retailers such as Wal-Mart saw strong traffic through the weekend, traffic appeared to ebb at some smaller specialty retailers by Saturday. Several analysts criticized J.C. Penney Co Inc's decision not to open until Friday morning, losing shoppers to competitors like Target and Macy's that opened hours earlier. REUTERS/Shannon Stapleton (UNITED STATES - Tags: BUSINESS) 

JC Penney Chairman and CEO Myron Ullman speaks during the meeting of the Wall Street Journal CEO Council in Washington November 16, 2010. REUTERS/Jonathan Ernst (UNITED STATES - Tags: BUSINESS) 

A pedestrian walks with a shopping bag from a JC Penney department store in New York March 2, 2010. Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year. REUTERS/Natalie Behring (UNITED STATES - Tags: BUSINESS) 

People walk past a JC Penney advertisement in a subway station in Manhattan New York March 2, 2010. Record snow along the U.S. East Coast and other regions likely muted retail sales in February, limiting increases in what was expected to be an easy month for retailers to show big gains over last year. REUTERS/Natalie Behring (UNITED STATES - Tags: BUSINESS) 

Kim Childers, who has just been laid off from his job at JC Penneys, introduces himself to the other "job club" members during an early morning meeting at the Prince of Peace Catholic Church in Olathe, Kansas February 25, 2009. Part networking opportunity, part therapy group, jobs clubs are rapidly emerging as hot spots for job hunters in America. Picture taken February 25, 2009. To match feature RECESSION-JOBCLUBS REUTERS/Dave Kaup (UNITED STATES) 

A customer talks on her phone in the purse department at the J.C. Penney store in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

Customers are helped at the J.C. Penney store in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

A sign on the jewelry counter at the J.C. Penney store in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

Customers are helped at the J.C. Penney store in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

The sign outside the J.C. Penney store is seen in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

The sign outside the J.C. Penney store is seen in Westminster, Colorado February 20, 2009. Department store operator J.C. Penney Co Inc posted a 51 percent drop in fourth quarter profit on Friday, and said its loss in the current quarter would be deeper than Wall Street estimates as shoppers hold off on spending. REUTERS/Rick Wilking (UNITED STATES) 

People wait in line to purchase items during "Black Friday" at the JC Penney department store in Garden City, New York November 28, 2008. Stores across the United States hope to ring in billions of dollars in holiday sales beginning on Friday, but shoppers concerned about a shrinking economy have vowed to rein in their spending. Most U.S. stores start major sales on "Black Friday", the day after Thanksgiving.
REUTERS/Shannon Stapleton (UNITED STATES) 

Signs announce a sale for "back to school" at a JC Penney Co store in Westminster, Colorado August 14, 2008. JC Penny on Thursday will report on its earnings. REUTERS/Rick Wilking (UNITED STATES) 

A customer enters a JC Penney Co store in Westminster, Colorado August 14, 2008. JC Penny on Thursday will report on its earnings. REUTERS/Rick Wilking (UNITED STATES) 

Customers leave a JC Penney Co store in Westminster, Colorado August 14, 2008. JC Penny on Thursday will report on its earnings. REUTERS/Rick Wilking (UNITED STATES) 

A customer enters a JC Penney Co store in Westminster, Colorado August 14, 2008. JC Penny on Thursday will report on its earnings. REUTERS/Rick Wilking (UNITED STATES) 

A worker sweeps up at the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

An interactive kiosk sits on display at the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

A passerby walks in front of the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

A billboard for JC Penney hangs over the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers can purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

An interactive kiosk sit on display at the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

Interactive kiosks sit on display at the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

A worker tests an interactive kiosk on display at the JC Penney Experience store in Times Square in New York March 2, 2006. The virtual store, which will be open for three weeks, allows shoppers to browse exclusive lines and purchase the company's full range of merchandise online at interactive kiosks. J.C. Penney Co. Inc. said on Thursday its February sales rose 2.3 percent at stores open at least a year. REUTERS/Keith Bedford 

Peter Boneparth chief executive officer of Jones Apparel Group Inc., makes a point as he talks to reporters during the Reuters Consumer Products and Retail Summit in New York, March 19, 2004. Jones Apparel Group products are marketed nationwide to national chains, department stores, and specialty retailers, including May Company, Federated, Nordstrom, J.C. Penney, Kohl's, Sears, and Mervyn's. REUTERS/Jeff Christensen JC 

Peter Boneparth chief executive officer of Jones Apparel Group Inc., makes a point as he talks to reporters during the Reuters Consumer Products and Retail Summit in New York, March 19, 2004. Jones Apparel Group products are marketed nationwide to national chains, department stores, and specialty retailers, including May Company, Federated, Nordstrom, J.C. Penney, Kohl's, Sears, and Mervyn's. REUTERS/Jeff Christensen JC 

Peter Boneparth, chief executive officer of Jones Apparel Group Inc., talks to reporters during the Reuters Consumer Products and Retail Summit in New York on March 19, 2004. Jones Apparel Group products are marketed nationwide to national chains, department stores, and specialty retailers, including May Company, Federated, Nordstrom, J.C. Penney, Kohl's, Sears, and Mervyn's. REUTERS/Jeff Christensen REUTERS JC 

John Daly of Rogers, Arizona watches his ball as it lands in the fairway off the tenth tee at the JC Penney Classic at the West Innisbrook Resort in Palm Harbor on December 5. Daly and his partner, Laura Davies of West Byfleet, England, won in a playoff with Paul Azinger and Se Ri Pak. Davies won after sinking a birdie putt on the 17th hole. This is John Daly's first win since the 1995 British Open.

CWL/SV 

Paul Azinger of Bradenton, Florida and his teammate Se Ri Pak look's on has Azinger lines up the putt on the Sixteenth green at the JC Penney Classic at the Wetin Innisbrook Resort in Palm Harbour, Florida on December 5. Azinger who is paired with Se Ri Pak of Orlando, Florida. Lost to John Daly and Laura Davies of West Byfleet, England after Davies sinks a birdie putt on the seventeenth green a three hole play-off.

CWL/BM 

Paul Azinger of Bradenton, Florida can't look as he misses a birdie putt on the sixteenth green in a play-off with John Daly and Laura Davies at the JC Penney Classic at the Wetin Innisbrook Resort in Palm Harbour, Florida on December 5. Azinger who is paired with Se Ri Pak of Orlando, Florida lost to Daly and Davies after Davies sinks a birdie putt on the seventeenth green to win.

CWL/BM 

John Daly and his partner Laura Davies of West Byfleet, England hug after Davies sinks a birdie putt on the 17th green to win the JC Penney Classic at the Westin Innisbrook Resort in Palm Harbor, Florida on December 5. Davies and Daly had a three hole play-off with Paul Azinger and Se Ri Pak.

CWL 

John Daly (L) his partner Laura Davies (R) of West Byfleet, England hold their tropies after winning the JC Penney Classic in a play-off with Paul Azinger and Se Ri Pak at the Westin Innisbrook Resort in Palm Harbor, Florida on December 5. Laura Davies, won with a birdie putt on the 17th hole.

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John Daly (L) lets his daughter Shynah Hale (M) hold his JC Penney trophy that he and his partner Laura Davies (R) of West Byfleet, England won in a play-off with Paul Azinger and Se Ri Pak at the Westin Innisbrook Resort in Palm Harbor, Florida on December 4. Daly who was paired with Laura Davies won with a birdie putt on the 17th hole.

CWL/TB 

Leader of the JC Penney Classic Paul Azinger (R) of Bradenton, Florida walks with John Daly (L) to the fifteenth green after their tee shots at the Westin Innisbrook Resort on December 4. Daly, who is paired with Laura Davies, is five shots back of the leaders, Azinger and Se Ri Pak are -22 under par at 191 after the third round.

CWL 

Se Ri Pak of Orlando, Florida watches her ball as it lands in the fairway from the 17th tee at the JC Penney Classic, at the Westin Innisbrook Resort on December 4. Se Ri Pak and Paul Azinger of Bradenton, Florida are leading the field after firing a -22 under-par 191 after a third round of play.

CWL 

Paul Azinger of Bradenton, Florida watches his ball as he misses a chance for a birdie on the fifteenth green at the JC Penney Classic at the Wetin Innisbrook Resort on December 4. Azinger, who is paired with Se Ri Pak of Orlando, Florida, is leading the third round after shooting a -22 - under par 191.

CWL 

Leaders of the JC Penney classic golf tournament Se Ri Pak (L) of Orlando, and Paul Azinger (R) Bradenton, Florida walk up the 18th fairway at the Westin Innisbrook Resort in Palm Harbour, Florida on December 4. The pair shot a -22 under-par for 191 in the third round.

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