-
J.C. Penney sales slide in Q3; cuts annual forecast
Weakness in apparel helped make for a disappointing third quarter for J.C. Penney Co. as the retailer cuts its forecast amid sliding sales. On the positive side, Penney said sales trends improved in October, fueled by increasing momentum behind its new appliance business. -
Report: Women’s specialty apparel retailer looking to go public
J. Jill Group Inc. is moving forward with plans for an initial public offering. The Quincy, Massachusetts-based retailer has tapped Bank of America, Morgan Stanley, and Jefferies Group LLC as underwriters for a possible initial public offering, Reuters reported.