Amazon could be in talks to acquire the bankrupt clothing retailer JCPenney, Fox Business reported Monday (May 19), citing Women’s Wear Daily (WWD).

JCPenney officially filed for bankruptcy late Friday (May 15), ending speculation as to the beleaguered former retail titan’s financial status.

“There is a dialogue, and I’m told it has a lot to do with Amazon eager to expand its apparel business,” a source said, according to the outlet.

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