[naviga:h3]JCPenney, SRU join for Suit Up event[/naviga:h3]

JCPenney has partnered with the career service center at Slippery Rock University for a college Suit Up event designed to help students dress for success and jump start their careers.

JCPenney at Clearview Mall will assist selected SRU students Sunday with what to wear for job interviews. SRU faculty, staff and alumni, along with members of the JCPenney team, will be on-hand to offer insights into the career fashion trends, how a suit should fit, what size to buy, how to tie a tie and more.

The company will offer all SRU students with a valid ID a 40 percent discount during the event, set from 2 to 5 p.m.

Students also will have the opportunity to receive a free mini makeover, a salon consultation and hair touch up.

[naviga:h3]Bed Bath & Beyond report sinks stocks[/naviga:h3]

NEW YORK — Bed Bath & Beyond’s stock plunged to its lowest price in 18 years after the home goods store chain posted weak results in the second quarter and cut its forecasts for the rest of the year.

The company’s profit fell by almost 50 percent compared to a year ago. Its stock sank 21.2 percent to $14.81 in very heavy trading. It’s down about 33 percent in 2018.

The company now expects to report earnings of about $2 a share for the current fiscal year. Three months ago it forecast earnings in the “low-to-mid $2 range,” and analysts surveyed by FactSet were projecting net income of $2.28 per share on average. Bed Bath & Beyond also cut its revenue forecasts.

Bed Bath & Beyond, which traded above $75 in early 2015, fell to its lowest level since early 2000.

KeyBanc analyst Bradley Thomas said competition for Bed Bath & Beyond from both online and physical retailers is getting worse. Thomas said the company’s profitability has fallen for 26 quarters in a row, a streak stretching back six and a half years. He expects that to continue because Bed Bath & Beyond needs to keep investing in its business.