JC Penney shares fall back below $1 as investors fear a lackluster Christmas.
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J.C. Penney stock higher after company's holiday sales down 3.5%
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Investors’ J.C. Penney discount is familiar spiralThe outfitter’s stock, like Sears’, has fallen below $1. With debt mounting and sales dwindling, its decline follows a familiar pattern. From Bill Ackman to Eddie Lampert to KKR, ailing retailers have drained many a deep pocket. What looks like a bargain is rarely the case.
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More store closures loom for JC Penney, as one analyst says more than 100 stores still need to shutIt looks like there are more store closures looming in J.C. Penney’s future, and one analyst says more than 100 stores still need to shut.
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