Business Insider/Jessica Tyler JCPenney reported second-quarter earnings on Thursday that fell short of Wall Street's expectations, sending its share price down. In a call with investors, CFOJeffrey Davis said that the company is focusing on reducing inventory levels, hitting trends, and winning back its core customer: the middle-aged mother. Some analysts are skeptical as to whether JCPenney can execute a turnaround, especially without a CEO at the helm. There's a bit of a party going on in ret...
Business Insider/Jessica Tyler JCPenney reported second-quarter earnings on Thursday that fell short of Wall Street's expectations, sending its share price down. In a call with investors, CFOJeffrey Davis said that the company is focusing on reducing inventory levels, hitting trends, and winning back its core customer: the middle-aged mother. Some analysts are skeptical as to whether JCPenney can execute a turnaround, especially without a CEO at the helm. There's a bit of a party going on in ret...
Share this Article
Recommended