J.C. Penney same-store sales miss estimates, shares tumble

August 16, 2018 admin Business News Comments Off on J.C. Penney same-store sales miss estimates, shares tumble

J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent.

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Source:: Reuters – Business News