Consumer Nation
Publishing timestamp: 2013-04-05 19:37:20
Summary
JC Penney is soft-launching home shops in-store as part of its transformation plan. The CEO considers this launch pivotal, as home goods have been the worst-performing category for the company. Wall Street is closely watching to see if this move will help JC Penney turn around its declining sales. Former CEO Allen Questrom, a strong critic of the current strategy, may be starting to change his opinion after touring a JC Penney prototype with the current CEO.
Sentiment: MIXED
Keywords: macy's inc, wall street, business news, old copper company inc,
Source: https://www.cnbc.com/2013/04/05/jc-penney-tries-to-get-its-house-in-order.html