J. C. Penney Company, Inc., through its subsidiary J. C. Penney Corporation, Inc., sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings; and provides services, including styling salon, optical, portrait photography, and custom decorating services. As of November 1, 2019, it operated approximately 850 stores in the United States and Puerto Rico. The company also sells its products through its Website, jcpenney.com. The company was founded in 1902 and is based in Plano, Texas.
J. C. Penney Company, Inc.
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The U.S department store chains haven’t had a fine holiday season in 2019. In recent news, J.C Penney announced that it failed to avoid the declining sales trend during the holiday season as well. Despite a sharp drop in sales, however, the department store stood its ground regarding its yearly financial outlook. In the past two months wh...
The American department store retail chain, Kohl’s, announced its earnings report for the third quarter on Tuesday. Having missed the sales and earnings target for Q3, the share prices were reported to have dropped by 16%. Officials from Kohl’s have highlighted the rising competition and the delay in the fall season to be the reasons why...
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