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The comments from JCPenney demonstrate the confusing state of the US economy. Even though the risk of a recession has fallen and the jobs market remains healthy, some consumers are hurting.
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Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American department store chain that operates 656 stores across 49 U.S. states and Puerto Rico. [3] [4] Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon, JCPenney Beauty, as well as leased departments such as Seattle's Best ...
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On October 15, 2018, Soltau began as CEO [10] and a member of the board of JCPenney following Marvin Ellison's departure and the decline of the struggling company. [ 8 ] [ 11 ] She was the 25th woman leading a Fortune 500 company at the time, Penney's fifth chief executive in the past decade and first woman executive.
Starting Tuesday, JCPenney says it is partnering with a Los Angeles-based child care network to provide quality child care to its 50,000 employees — including those at 13 locations across the ...