with the Securities and Exchange Commission later that month that it expected to eventually close about 30% of its 846 stores, moving away from weaker malls.
The first phase consists of 154 stores, which JCPenney said will conduct liquidation sales as they are able to reopen according to states' stay-at-home orders. Four of the stores have already begun going-out-of-business sales. The company said in its filing that liquidation sales will take about 10-16 weeks to complete, at which point stores would close for good.
JCPenney has had years of declining sales, which were exacerbated by temporary store closures during the coronavirus pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Who decided sorting by street name was the most efficient way to present the list?
a country spread ChineseVirus19 to destroy whole economies of the world. Bankruptcy,jobloss is just a start , loot,Riot is to follow ...& insane China CCP is aggressively capturing land & countries.
Tracy Ca😟😔
BrightSunFilms thisisdanbell
Where the sales?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »
H&M temporarily closes nearly 100 US stores amid George Floyd protests and looting - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why depend on a monthly income when you can earn up to $12,500 every 24hours from Binary Options you don’t send money to anyone ask me how to know how it works. Sarinda1994
Source: BusinessInsider - 🏆 729. / 51 Read more »
List of Joe Biden campaign healthcare advisers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No I didn’t even know joe was still running. Can we please get another option? TheRock where are our leaders at?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple Store looters get message about iPhones being tracked - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Just goes to show you how dumb the 'low lifes' are that took those phones. Did they have a brain? Did they really think that with the tech of 2020 it couldn't be tracked? To their safe spaces for a hug they go. Karma 😹
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple App Store is growing much faster than this top analyst predicted - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »