- Joined
- Apr 15, 2010
- Messages
- 212,768
- Likes
- 821
- Points
- 113
J.C. Penney is closing more stores after a weak holiday sales season.
Fourth-quarter income tumbled nearly 70 percent and revenue slid 8 percent. It did beat Wall Street expectations, and shares jumped 18 percent before the opening bell Thursday.
The Plano, Texas-based company said it would close 27 stores this year, including three locations previously announced in January. The closures include 18 full-line stores and nine home and furniture shops.
Read more https://www.post-gazette.com/busine...res-as-sales-deteriorate/stories/201902280107
Fourth-quarter income tumbled nearly 70 percent and revenue slid 8 percent. It did beat Wall Street expectations, and shares jumped 18 percent before the opening bell Thursday.
The Plano, Texas-based company said it would close 27 stores this year, including three locations previously announced in January. The closures include 18 full-line stores and nine home and furniture shops.
Read more https://www.post-gazette.com/busine...res-as-sales-deteriorate/stories/201902280107