JC Penny no longer has a CEO or CFO
Posted by Josh Taylor / September 30, 2018
When was the last time you thought about JC Penny? It’s probably been a long time, and that’s precisely the problem the store is having. They’re simply no longer relevant. The stock has fallen 45% this year, and that’s not even the biggest of their worries. Their CEO left in May, and their CFO just left. Their stock is currently valued at $1.60, a record low. They have more than $4 billion in debt. Things, in short, are not looking good for JC Penny.
Full story at CNN Money.
More business.
Comments are off for this post.