In spite of its earlier protestations that things were looking up, struggling department store chain J.C. Penney announced this week that it would close 33 of its stores and let go of approximately 2,000 employees, according to Market Watch. The company also revealed that it would bring back sales commissions, according to Bloomberg, a practice that was killed by former CEO Ron Johnson because he wanted J.C. Penney salespeople to focus on customer service instead of ...
NREIonline.com Freemium Content
"J.C. Penney Closing Dozens of Stores, Reinstating Sales Commissions" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.