JC Penney yanks earnings outlook because of coronavirus

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The department store chain announced Friday morning that it is not providing an updated outlook at this time.

Earlier in the week, on Wednesday, Penney said it would close all of its stores across the country until April 2, at least, to try to help halt the spread of the new

. It did not clarify whether or not it would be paying workers during this time. A spokesperson declined to comment.Penney "believes it is in the best interest of its customers, stockholders, partners and associates to remain focused solely on the operations of the business," it said in an SEC filing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thats a solution don't say..lol

What earnings ? Lol R.I.P JCPenny

Farewell my drapery friend

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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How U.K. Film Critics are Navigating Coronavirus: ‘My Earnings Potential Evaporated Overnight’As studios and distributors continue to pull the theatrical releases of their films, and cinemas nationwide close their doors to the public, what becomes of film criticism in the time of coronaviru… maybe if they would learn to be LESS critical then people would be willing to support them during this difficult period but nobody like's to be criticized BobDigi69
Source: Variety - 🏆 108. / 63 Read more »

Songs About Coronavirus Are About to Become Big Business“La Cumbia Del Coronavirus,” “Coronavirus,” and “Corona Virus” are all over Spotify’s viral charts in Spanish-speaking countries hola señor cumbia !❤ No, they’re not. Hand of Doom... Black Sabbath.
Source: RollingStone - 🏆 483. / 51 Read more »