J.C. Penney CEO Jill Soltau, who took the reins last fall, continues to remake its management team as part of her efforts to turnaround the ailing chain.
America’s retailers, manufacturers, tech companies and industry associations joined together to warn that tariffs on China will damage the U.S. economy.
Going into this quarter, expectations for J.C. Penney were incredibly low – and the company has delivered squarely against them with another dire set of numbers.
J.C. Penney on Tuesday reported a first-quarter loss wider than the Street expected, warned about the potential impact of new tariffs, and revealed new in-store enhancements.