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As Walmart sales boom, JC Penney slumps

Friday, August 17, 2018 - 01:54

Walmart on Thursday reported quarterly earnings and sales that topped estimates, while J.C. Penney reported a wider-than-expected loss due to heavy discounting to clear excessive inventory.

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Walmart on Thursday reported quarterly earnings and sales that topped estimates, while J.C. Penney reported a wider-than-expected loss due to heavy discounting to clear excessive inventory.

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As Walmart sales boom, JC Penney slumps

Friday, August 17, 2018 - 01:54