Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6489
    -0.0000 (-0.00%)
     
  • OIL

    82.94
    -0.42 (-0.50%)
     
  • GOLD

    2,337.60
    -4.50 (-0.19%)
     
  • Bitcoin AUD

    99,713.75
    -3,088.77 (-3.00%)
     
  • CMC Crypto 200

    1,397.49
    -26.61 (-1.87%)
     
  • AUD/EUR

    0.6069
    +0.0013 (+0.21%)
     
  • AUD/NZD

    1.0950
    +0.0019 (+0.18%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,466.26
    -5.21 (-0.03%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,377.30
    -126.39 (-0.33%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

J.C. Penney closing up to 140 stores

Hit hard by weak demand for clothing and fierce competition from online retailers, the department store chain is following Macy's footsteps in shutting down stores. Fred Katayama reports.