Why Sinking Shipper Hanjin May Pull Down JC Penney

Although many companies have a lot at stake in the bankruptcy of Korean shipping giant Hanjin, J.C. Penney (NYSE: JCP) could be the one that sinks. The chain has invested a lot of time and financial resources into promoting its home department as a focal point for its department stores, and one of the biggest boosts to its ongoing turnaround effort has come from furniture sales. …read more

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Category: JCP

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