Thursday, January 24, 2019

Does J.C. Penney Have a Viable Turnaround Plan? Retail Analysts Want to See Concrete Measures

J.C. Penney is far from out of the woods as it attempts yet another turnaround.

The ailing Plano, Texas-based department store chain reported falling sales and more store closings recently, while key executive positions still remain vacant. Just as unsettling for many analysts is the fact that the retailer still hasn’t announced tangible plans for a turnaround.. . . more