J.C. Penney Will Hire 35,000 Temps for Shopping Season and 2 Other Hot Stocks to Watch

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.

JCP 20130925

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business