JC Penny Set to Lose 163 Million Dollars This Year

15 hours ago
SOURCE  http://www.5min.com/Video/517369540
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It hasn't been a good year for JC Penny. While they've had a ton of red carpets with celebs helping endorse the brand, they're still set to lose 163 million dollars this year alone. But their financial woes may be a thing of the past soon. They've teamed up with Georgina Chapman, the designer behind Marchesa, Justin Timberlake, who designs for William Rast and Betsy Johnson for collections that will hopefully launch within the next year.