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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
LAKESIDE, Calif. (KGTV) -- The San Diego County Sheriff’s Department is investigating what led to a shooting in Lakeside Monday evening. The shooting happened just before 6 p.m. near the off-ramp of State Route 67 and Winter Gardens Boulevard. Deputies and paramedics found the victim, a man in his 20s, suffering from a gunshot wound. The victim was taken to the hospital. The shooter fled the scene in a white Chevrolet Impala. A detailed description of the suspect wasn’t available. As of Monday evening, it’s unclear what sparked the shooting. Watch a Facebook live from the scene below: 602
As if we needed another thing to divide America.Some people who listen to this audio file hear one thing; others hear something completely different. It's like it was put on the internet just to sow discord. 221
(3) This is an effort to blunt my relentless exposure of the criminality and depravity of Joe Biden and his entire family.Deadline Hollywood reports CAA had a distribution screening in September where there was no mention of the scene holding any importance.— Rudy W. Giuliani (@RudyGiuliani) October 21, 2020 317
"Attention all shoppers, associates and management... nobody should work here — ever.”That is what a 17-year-old former Walmart associate said over the intercom at a Walmart location in Grande Prairie in Alberta last week. Jackson Racicot recorded the moment he quit his job after more than a year with Walmart. He then shared the video with thousands on Facebook, prompting more than 1,000 shares and comments. Racicot told the Edmonton Journal that he had another job lined up before announcing to everyone in the store that he was quitting. He cited mistreatment of employees as to why he left the job. "Our managers will make promises and never keep them," Racicot told everyone in the store. "Management will try to save money every step of the way including cutting benefits and a full-time associate down to part-time even though he worked 40 plus hours a week."“I’ve been a loyal employee here for over a year and a half, and I’m sick of all the bulls----, bogus write-ups, and my job,” he added over the intercom. In a statement to the Edmonton Journal, Walmart said, "We are aware of the video circulating online and are disappointed by this incident. Respect for all individuals including our associates and customers is a core value at Walmart. We are looking into this matter and will address it internally as required.”Note: The video contains strong language 1426