JC Penney announced on Tuesday it will furlough the majority of its hourly and salaried employees next month.<br />Furloughed employees will continue to receive full health benefits and many may receive unemployment benefits.<br />Penney's is the latest U.S. retailer navigating the financial strain from store closures due to the novel coronavirus.<br />Macy’s, Kohl’s, Gap, and other retailers have also furloughed workers and closed stores amid lockdowns.
