J.C. Penney plans to furlough "the majority" of its hourly store associates beginning Thursday and a "significant portion" of its corporate staff beginning on April 5, the company said in a press release.
The retailer is also extending its temporary store closures, without a stated re-opening date. "The Company will continue to follow guidance from local, state, and federal officials as it anticipates gradually reopening stores and offices in markets when it is safe to do so," Penney said.. . . more