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Stock Market & Financial Investment News

News Breaks
February 6, 2013
06:27 EDTJCPJ.C. Penney may cut several hundred jobs, NY Post reports
J.C. Penney (JCP) CEO Ron Johnson is said to be planning a round of layoffs, and may potentially fire at least 10% of the remaining 3,000 employees at its home offices in Plano, Texas, sources tell the New York Post. One former executive notes that Q4 sales, which are scheduled for release on February 27, are estimated to have declined "upward of 30%" amid steep holiday markdowns. Reference Link
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