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J.C. Penney profit falls 5 percent, but still beats forecast

J.C. Penney

FILE/Bloomberg News

Penney plans to spend $500 million opening and upgrading stores.

The Plano-based department store chain said it expects to reverse sales declines in 2010. The company also said store employees will get bonuses for improved customer service in 2009.
Latest J.C. Penney news
Consumer prices excluding food and energy decline
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American Airlines' in-house repair policy is both boon and burden
The latest body blow came Thursday when a government watchdog issued a report that faulted American for longstanding maintenance deficiencies.

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