JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business
Read full article: JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its businessJCPenney says it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain.
Old department store turns North Pole for Salvation Army Angel Tree toy giveaway
Read full article: Old department store turns North Pole for Salvation Army Angel Tree toy giveawayThe Salvation Army will make Christmas wishes come true for thousands of local children on Wednesday with its annual Angel Tree toy event.

JCPenney to hire 160 seasonal associates in Jacksonville
Read full article: JCPenney to hire 160 seasonal associates in JacksonvilleJustin Sullivan/Getty ImagesJACKSONVILLE, Fla. - Getting ready for the holidays, JCPenney is preparing for an influx of shoppers and plans to hire 160 seasonal associates throughout the Jacksonville area. To fill the seasonal positions, the company is hosting a hiring event on Tuesday from 2 p.m. to 8 p.m. Management will be holding in-person interviews and making on-the-spot offers to qualified candidates. Available positions include cashiers, replenishment specialists and beauty consultants. All skill levels are welcome and encouraged to apply online. Copyright 2019 by WJXT News4Jax - All rights reserved.

Americans love Target. That's bad news for Macy's, JCPenney
Read full article: Americans love Target. That's bad news for Macy's, JCPenneySales at Target stores open at least a year increased 3.4% during the summer quarter and profit rose, Target said Wednesday. Target beat Wall Street's predictions for the recent quarter and raised its profit forecast for the rest of the year. Macy's last week said that sales at stores open at least a year inched up but profit fell 48% during its most recent quarter. Target, Walmart and discount clothing chains such as TJMaxx are gaining market share against these retailers. Target and Walmart operate stores away from malls, an advantage because foot traffic is slowing at malls around the country.

JCPenney could be kicked off New York Stock Exchange
Read full article: JCPenney could be kicked off New York Stock ExchangeJustin Sullivan/Getty Images(CNN) - JCPenney is in danger of its stock getting booted off the New York Stock Exchange because its share price is too low. In a reverse stock split, companies cut the number of shares on the market, boosting the stock price. If JCPenney can't comply, the exchange would delist its stock. JCPenney said it is considering seeking a reverse stock split. Fears of a bankruptcy can hurt a company beyond a depressed stock price.

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