Bloomberg Argentina’s discount airline Flybondi is planning to redouble its bet on domestic service once the toughest travel ban in the Americas is lifted. The company will focus on local flights as long as demand for international travel remains tenuous because of the coronavirus pandemic, said Chief Commercial Officer Mauricio Sana in an interview. Flights to Brazil, the hardest-hit country …

Bloomberg JC Penney Co, the department-store chain that filed for Chapter 11 bankruptcy last week, said it will close about 29% of its stores. The retailer will reduce its store count to about 604, down from the 846 it currently has across the US, according to a company filing. In fiscal 2019, those locations brought in $9.2 billion in net …

Bloomberg Pier 1 Imports Inc said it would seek bankruptcy court approval to wind down its retail operations after the coronavirus pandemic made it difficult for the US retailer to find a buyer. The company said in a statement on Tuesday it intends to sell its inventory and remaining assets, including its intellectual property and e-commerce business, through the court-supervised …