Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Penney’s Swings to Loss in July—Here’s Why the Timing Couldn’t Be Worse

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

J. C. Penney is back in the red, at least for the month for July. After reporting a surprise $47 million in net income in June versus a year-ago loss, July’s report came as a disappointment, although perhaps not unexpected for a company that landed itself in bankruptcy court upon filing a voluntary Chapter 11…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!