JC Penny shares sink on $203 million loss
“JC Penney’s stock tumbled 8% Friday in premarket trading, after the department store posted a $203 million loss for the third quarter,” Hibah Yousuf reports for CNN Money. “The retailer continues to struggle amid a massive overhaul effort. JC Penney’s loss amounted to 93 cents a share for the quarter, more than thirteen times worse than what analysts were expecting,” Yousuf […]
