Earnings

JC Penney yanks earnings outlook because of coronavirus

0


Shoppers sit outside of a J.C. Penney store at the Westfield Mall in Culver City, California.

Martina Albertazzi | Bloomberg | Getty Images

J.C. Penney has withdrawn its earnings outlook due to the uncertainty surrounding COVID-19.

The department store chain announced Friday morning that it is not providing an updated outlook at this time.

Earlier in the week, on Wednesday, Penney said it would close all of its stores across the country until April 2, at least, to try to help halt the spread of the new coronavirus. It did not clarify whether or not it would be paying workers during this time. A spokesperson declined to comment.

Penney is also postponing its analyst day, which had been set…



Source cnbc.com

Panicked wealthy fleeing the coronavirus drive up rental prices in the Hamptons and Hudson Valley

Previous article

US could end up with three retailers — Amazon, Walmart, Costco

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings