BCR Advisory money markets
World business

J.C. Penney holiday quarter sales drop, to shut 130-140 stores

This article was sourced from Reuters.¬†Article by¬†Sruthi Ramakrishnan. Department store operator J.C. Penney Co Inc (JCP.N) reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low. The company on Friday also said it would shutter 130-140 underperforming […]