J.C. Penney cuts appliances; are more store closures next?
February 07, 2019 at 09:24 AM EST
After expanding its home department's offerings in 2016, J.C. Penney (NYSE: JCP) announced Wednesday that it will quit selling major appliances at the end of this month. Real estate executives also have their eyes on the company's earnings report later this month to see how many more store closures could be planned.
