The Traderszone Network

Published in TZ Latest News 31 October, 2017 by The TZ Newswire Staff

J.C. Penney’s Slashed Guidance Is Even Worse Than It Looks

Investors in struggling department store chain J.C. Penney (NYSE: JCP) received quite a shock last week. The company slashed its full-year earnings , a move that resulted from the clearing out of slow-moving women’s and apparel inventory. This liquidation boosted sales and allowed the company to restock with better merchandise, but it decimated the bottom line.

read more