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>> JCPENNEY Latest News

5 HOURS AGO - New York Post

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JCPenney taking emergency measures to stay afloat

JCPenney, faced with unexpected light sales in mid-April, slashed payroll, froze overtime and took other drastic cost-cutting steps in an attempt to protect its bottom line, The Post has learned. As the end of its first fiscal quarter approached, the mid-priced department store told store managers to take the emergency measure because the chain faced...

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