SINGAPORE (May 8): In the movie I am Legend, Will Smith played the sole survivor in a pandemic. The post-apocalyptic thriller is set in a fictional New York City where a devastating virus wipes out most of humanity while turning a small percentage into violent mutants called darkseekers that were neither dead nor alive.

These darkseekers have superhuman survival skills and a lust for blood. Only sunlight can tame them. The movie was released in 2007 and is based on a 1954 novel, but it could also describe the troubled retailers in 2020. 

JCPenney, a famous American department store chain founded in 1902, has fallen victim to the Covid-19 outbreak. It has closed 850 stores and furloughed thousands of workers to save cash. On May 4, this American retail titan — which survived wars, major recessions and the rise of online shopping — filed for bankruptcy.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook