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Saturday, October 31, 2020
Business Penney's gets pinched

Penney’s gets pinched

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Outtakes: Stevie Nicks on Petty, Prince, Beyoncé and Harry

By MESFIN FEKADU AP Music WriterNEW YORK (AP) — Stevie Nicks — who is releasing a new song Friday and a concert...

Kids are probably more strategic about swapping Halloween candy and other stuff than you might think

Margaret Echelbarger, University of Chicago The Research Brief is...

FWHS picks demolition contractor for Stop Six Choice Neighborhood Initiative

Fort Worth Housing Solutions has awarded a $2.8 million contract for the abatement and demolition of the former Cavile Place public housing...

J.C. Penney’s shares suffered their biggest loss in the company’s history following an unprecedented collapse of retail spending last month and reports that it may go bankrupt. Retail sales fell by 8.7% in March, the worst monthly drop on record, and April is expected to be far worse. The Plano, Texas-based department store chain didn’t immediately respond to reports
Wednesday that it was considering bankruptcy. Earlier this month it furloughed much of its workforce and extended the closure of its stores, which have been shut since March 18 as a measure to slow the spread of the viral pandemic. J.C. Penney is scheduled to report its first-quarter earnings on May 14. Analysts surveyed by FactSet forecast J.C. Penney’s losses nearly doubled to 84 cents a share in the period.

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