Friday, May 12, 2017

J.C. Penney starts the year with weaker-than-expected results

Image result for jc penney store closingsJ.C. Penney missed its first quarter forecasts, but says it can still pull off recently lowered full-year targets for flat sales and improvements in margins.

Penney is in the process of closing 138 stores of its 1,014 locations. The Plano-based company expects those stores will be closed by July 31.  . . . more

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