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In May, JCPenney reported an adjusted loss of $69 million in the first quarter, even worse than Wall Street predicted, and lowered its projections for the year. [60] Sales fell 4%, also missing estimates. Earlier in 2018, the company announced it would cut 360 jobs at its stores and corporate headquarters.
Ocean State Job Lot (abbreviation: OSJL or simply Job Lot) is a northeastern American chain of discount closeout retailers founded in Rhode Island in 1977. In addition to its origin state, it operates stores throughout the Northeastern United States, including Connecticut, Massachusetts, Pennsylvania, New Hampshire, Vermont, Maine, New York, and New Jersey.
The JCPenney mother store in Kemmerer, Wyoming. In 1898, Penney began working for a small chain of stores in the Western United States, called the Golden Rule stores.In 1902, owners Guy Johnson and Thomas Callahan, impressed by his work ethic and salesmanship, offered him a one-third partnership in a new store he would open.
Interior of Fairgrounds Square Mall in 2016. The Fairgrounds Square Mall was developed by Interstate Properties, constructed by F&S Construction along with the Owner, Frank Saffiotti, and under the supervision of Gus, Job Site Superintendent and the Office Manager, Rebecca L. Simpson, CCA working with a labor union membership workforce representing various unions throughout the region.
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