J.C. Penney's comparable-store sales fell at a lower pace than expected, as...
FILE PHOTO: A shopper leaves the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017. REUTERS/Kamil Krzaczynski/File Photo
The company, once a storied name in American retail and today worth less than a tenth of its value two years ago, has also shuttered hundreds of stores, exited unprofitable businesses and revamped its locations to boost sales and revive profits. The company said it would continue to streamline its business, announcing plans to shut 18 full-line stores this year and nine ancillary home and furniture stores.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
J.C. Penney's stock soars after earnings, revenue beats, to close more stores in 2019
Read more »
Stocks making the biggest moves premarket: JC Penney, Square, Tesla, L Brands & moreSome of the names on the move ahead of the open.
Read more »
J.C. Penney pulls plug on clothing subscription serviceJ.C. Penney on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.
Read more »
J.C. Penney pulls plug on clothing subscription serviceJ.C. Penney Co Inc on Friday will end a clothing subscription service venture, t...
Read more »
20 Business Magnates Share The Wisdom They Learned From Their FathersWarren Buffett: 'My first hero was my dad'
Read more »
Here's What Every Best Actress Winner Has Worn To The Oscars Over The Past 20 YearsTBT, but make it FASHION.
Read more »
Military spending: 20 companies profiting the most from warLockheed Martin, Boeing and Raytheon top list of companies profiting from war, according to highest weapons sales data reviewed by 24/7 Wall Street.
Read more »
Car bomb kills 20 near anti-Daesh base in east Syria - monitorBritain-based Syrian Observatory for Human Rights says a car bomb exploded at makeshift base close to an oilfield in the village of Shheel in east Syria.
Read more »