JCPenney

JCPenney to extend closures, furlough workers amid COVID-19 pandemic

Posted on by Chris Montcalmo

NOTTINGHAM, MD—The response to the COVID-19 emergency continues to take its toll on the economy. JCPenney announced on Tuesday that it would extend the temporary closure of its stores and business offices. As a result of these store closures, the company will also temporarily furlough the majority of store hourly associates, beginning on April 2nd. Beginning on April 5, a […]

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Macy’s to furlough most of 125,000 employees

Posted on by Chris Montcalmo

WHITE MARSH, MD—Macy’s plans to furlough the majority of its workforce as the coronavirus pandemic continues to take its toll on companies across the country. The company announced the move in a statement on Monday morning. All Macy’s stores have been closed since March 18 due to COVID-19.  Since that time, the company has taken measures to maintain financial flexibility, […]

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