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(CNN) - As the Dow was on pace for its best day of the year, and a report showed American stores had their best holiday season in six years, JCPenney's stock fell below for the first time since it started trading in 1929.That's pretty much everything you need to know about the state of JCPenney (JCP).The 110-year old company hasn't been profitable since 2010 and its prospects are bleak. JCPenney is billion in debt with a junk credit rating, a sinking cash hoard and no sign of a turnaround.With few shoppers coming to stores, JCPenney faces inventory and supply chain struggles and no clear marketing plan or strategy. The company has been forced to offer steep discounts on clothing to clear its massive inventory glut.Last month, JCPenney reported a 1 million third-quarter loss and a 5.4% drop in sales. The stock has fallen 68% this year and nearly 30% in December alone.Jill Soltau, formerly the boss of Jo-Ann Stores, became CEO in October — the company's fourth in six years. Soltau has her work cut out for her.The company's leaders said they are considering closing some of JCPenney's remaining 860 stores. That might help JCPenney in the near-term, but its long-term prospects are questionable. The company has a .1 billion debt payment due in 2023. Wall Street analysts are skeptical about JCPenney's ability to repay that money.A spokeswoman for JCPenney declined to comment.The company never really recovered from the Great Recession. It lost shoppers to cheaper sellers a decade ago and struggled to bring them back as the economy began to rebound.JCPenney plowed through its cash reserve in an expensive makeover after it hired former Apple Store chief Ron Johnson as its CEO in 2011. The plan didn't work, and Johnson was fired after 17 months on the job.It lacked the cash to improve stores, buy trendy merchandise or hire more employees.The company switched its focus several times over the past few years: from older shoppers to younger, trendier ones, back toward middle-aged women.JCPenney has recently changed its merchandising strategy, chasing proven sales trends instead of filling up stores with inventory. It started selling appliances a few years ago, but that strategy hasn't paid off either. 2244

 [Breaking news update at 2:10 p.m. ET]Travis Reinking, the man suspected of killing four people at a Nashville-area Waffle House on Sunday, is now in custody, Metro Nashville police said. — CNN Newsource[Previous story]A naked gunman opened fire at a Waffle House in Nashville, killing four people and injuring four others.Police identified the believed gunman as 29-year-old Travis Reinking from Illinois. Here's what we know about him so far: 1. He is from Morton, Illinois, but is currently living at an apartment complex called The Discovery at Mountain View near the Waffle House. It is not known why he was in Nashville. 655

(AP) — The first round of the NBA playoffs continues Sunday with four Game 4s.The Bucks are trying to even their series against Boston with a second-straight home-court win. Milwaukee ended the third quarter leading the Celtics 75-67.Golden State visits San Antonio with an opportunity to sweep the Spurs, meaning it could be the last NBA game for 40-year-old Manu Ginobili.Spurs coach Gregg Popovich is sitting out a second game following his wife's death.Tonight, Toronto takes a 2-1 series lead to Washington and Cleveland visits Indiana down 2-1 to the Pacers.Point guard George Hill is listed as questionable for the Cavaliers because of an injured back. Hill aggravated the injury in Friday's 92-90 loss.Coach Tyronn Lue says veteran Jose Calderon will start if Hill doesn't.  795

 American Apparel is coming back.Gildan Activewear, the Canadian company that owns the clothing brand, announced on Thursday that it will open a physical American Apparel store in Los Angeles this fall.American Apparel filed for bankruptcy in 2016. This will be the first location to open since May 2017, when Gildan finished liquidating the stores that were still open. Gildan is not planning to open others."We're treating this as a flagship pilot store," said Garry Bell, vice president of corporate marketing and communications for Gildan. He said the store will be "very experiential and very interactive," but did not provide details.The news was reported earlier by Bloomberg.Before the liquidation, American Apparel had 110 stores in the United States and a total of 193 locations worldwide, according to a court filing.Gildan, which also owns the tights brands Peds and Kushyfoot, purchased the American Apparel trademark after the company filed for bankruptcy. Then it relaunched American the brand online in the United States in August 2017.Several retail stores have recently declared bankruptcy as shoppers increasingly move online. Last year, US store closing announcements more than tripled and set a record, according to the retail think tank Fung Global Retail and Technology.Bon-Ton Stores, one of the country's largest department store companies, said in April that it plans to liquidate all 256 of its stores, which include Bon-Ton, Boston Store and Carson's. In March, Toys "R" Us said that it was closing all of its US stores.But American Apparel faced unique challenges. The company, which was known for its racy ads, fired its controversial founder and CEO, Dov Charney, twice in 2014 amid allegations of mismanagement and violations of the company's sexual harassment policies.The 2016 bankruptcy filing noted that "over the last two years, the company lacked a marketing plan and engaged in ad hoc advertising that lacked focus." 2003

You can go to school for just about anything these days and that includes Santa School! Mark Gebhart is a sound engineer, but during the holidays, he’s Santa Clause. “It’s a feeling of service I get to give to people,” Gebhart says. “It’s like ingrained in my being. It’s something I have to do.”To become the best Santa, and to get better pay to play Santa, Gebhart went to Santa School.“It’s really intense,” he says. “We learn a lot and we learn how to be Santa Claus.”In Santa School, it’s not all about makeup, reindeer and practicing your “Ho, Ho, Ho, Merry Christmas!” The classes involved much more, including learning about child psychology, undergoing active shooting training and understanding what to do if there’s an unruly crowd. The Santa Claus performers began school in January, and it takes 9 months to graduate. “We are each others’ brothers,” Gebhart says of his fellow Santas. “We help each other, we study together, we work together; we are really a brotherhood.”When the Santas graduate, they take an oath and are given a diploma for all their hard work.They have three months to land a job, whether at the mall, private parties or corporate events.“I actually have an agent that I go through, and my agent gets me jobs,” Gebhart says. “Other Santas use things like 1301