Tuesday, January 22, 2019

J.C. Penney Struggles to Avoid Same Fate as Sears

The Wall Street Journal
J.C. Penney Co.’s  sales are falling, its stores are stuck in malls and the turnaround strategy keeps changing. Now, three months after the embattled retailer hired a new chief executive, a handful of senior positions remain vacant.

The series of events is prompting analysts and other industry experts to question whether Penney can avoid the fate of fellow department-store operator Sears Holdings Corp., which filed for bankruptcy and barely staved off liquidation.. . . more