Tag: J.C. Penney Co. Inc.

Dow, S&P 500 end at record highs Monday as stock market rallies amid further vaccine progress

Stocks clinched a fresh round of records Monday, as alarming U.S. COVID-19 infection rates and hospitalizations were overshadowed by promising vaccine developments. The least-loved sectors...

Private equity firm Sycamore poised to buy JCPenney, merge it with Belks

The private equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win...

Retailers lost 46,200 jobs in March but could lose millions by May

The latest U.S. government data shows the retail industry lost 46,200 jobs in March to furloughs and layoffs, but the cuts will be much deeper...