JCPenney CEO: Working families are struggling to get by as inflation bites
By Matt Egan, CNN New York (CNN) — JCPenney CEO Marc Rosen sees plenty of evidence that working-class families are struggling. Customers are increasingly relying on credit cards, falling behind on bills and flocking to private label brands like Liz Claiborne instead of pricier national ones, Rosen told CNN. “Our customers are America’s working families.
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