JCPenney Makes Enters Into Hotel Business
JCPenney shares were up 0.45% premarket Friday following a New York Post report
JCPenney (JCP) shares were up 0.45% premarket Friday following a New York Post report that the company will enter the hotel business, selling bed sheets, towels, curtains and mattresses to the lodging industry. CEO Marvin Ellison identified hospitality as a $200 billion a year industry.
Read The Full Story Here: JCPenney Makes Foray Into Hotel Business
This article was written by a staff member of TheStreet.
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