J.C. Penney set to hit record low as department store woes continue

J.C. Penney Co Inc (JCP.N) on Friday joined other department store chains in reporting a steeper-than-expected drop in same-store sales for the first quarter, sending the company’s shares tumbling 12 percent to a record low in premarket trading.

Sourced through Scoop.it from: www.reuters.com

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