Penney to close more stores as sales deteriorate

Penney to close more stores as sales deteriorate

J.C. Penney is closing more stores following a weak holiday sales season. Net income tumbled nearly 70 per cent in the fourth-quarter. The department store rid itself of unprofitable inventory and said it will have positive free cash flow this year.

KCooper
KCooper
Big Bad BoogieMan
Big Bad BoogieMan 1 year

Their clothes fall apart after two washes. Is it all that shocking when people stop buying them?

Miles O'Brien
Miles O'Brien 1 year

You can buy cheap foreign made crap for less on line.

Judi Em
Judi Em 1 year

Sad.

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