See the 117-year rise and fall of JCPenney
JCPenney is one of the largest department stores in the country, with more than 800 brick-and-mortar locations. After nearly 120 years in business, JCPenney may not recover from years of consistently slumping sales and poor performance, analysts say. The retailer recently reported a 5.5% decrease in first-quarter sales and plans to close 27 stores this year. Here's the story of the department store's fall from grace. Visit Business Insider's homepage for more stories.
JCPenney is one of the largest department stores in the country, with more than 800 brick-and-mortar locations. After nearly 120 years in business, JCPenney may not recover from years of consistently slumping sales and poor performance, analysts say. The retailer recently reported a 5.5% decrease in first-quarter sales and plans to close 27 stores this year. Here's the story of the department store's fall from grace. Visit Business Insider's homepage for more stories.
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