J.C. Penney Will Hire 35,000 Temps for Shopping Season and 2 Other Hot Stocks to Watch
J. C. Penney & Co. (NYSE:JCP): Current price $10.45
J.C. Penney shares are down more than 15 percent in heavy volume Wednesday on worries about its searching for added funding, but the historic retailer is getting ready for the upcoming shopping season, along with all the other big stores. According to Reuters, the company intends to hire 35,000 temporary staff members for the season. Penney’s has had a rough time lately — with executive changes and the Bill Ackman drama — and its shares have plummeted by around 43 percent this year to date from declining revenues and higher losses.