JCPenney Makes Enters Into Hotel Business

JCPenney shares were up 0.45% premarket Friday following a New York Post report
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JCPenney (JCP) - Get Report 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.