UPDATE: J. C. Penney (JCP) Brings Sales Commissions Back - Bloomberg
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(Updated - January 15, 2014 1:11 PM EST)
J. C. Penney (NYSE: JCP) reversed a decision to end sales commissions by former CEO Ron Johnson, according to Bloomberg, citing spokesperson Daphne Avila. The change is meant to spur sales growth, especially in jewelry and home furnishings, and will affect 3000 employees. Hourly wages will be cut accordingly and store operating costs will not change materially.
J. C. Penney (NYSE: JCP) reversed a decision to end sales commissions by former CEO Ron Johnson, according to Bloomberg, citing spokesperson Daphne Avila. The change is meant to spur sales growth, especially in jewelry and home furnishings, and will affect 3000 employees. Hourly wages will be cut accordingly and store operating costs will not change materially.
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