Does this aging partnership benefit JCPenney more than Sephora?
News & Analysis: J.C. Penney
It’s hard to find a good reason to buy any of these stocks.
Shopko is going out of business after more than half a century serving the northern U.S. Its demise will put more than $2 billion of annual sales up for grabs.
U.S. retailers have already announced about 5,000 store closures since the beginning of 2019, but the amount of space that is opening up is quite manageable.
The retailer faces massive challenges to its very survival.
The retailer’s turnaround plans remain murky, but its free cash flow is stabilizing.
None of the gains being touted were real.
The leading mall-based department store chains still have a lot of stores that probably shouldn't stay open in the long run.
Sales and earnings plunged again last quarter, but J.C. Penney stock surged anyway as the company presented the beginnings of a turnaround plan.
The new CEO of the struggling retailer has a plan to turn it around, but success will require simultaneous moves on a number of fronts.