Shares for J.C. Penney Co. Inc. are taking a significant hit today after the retailer said it widened its second-quarter losses, while its comparable sales slid 1.3 percent. As of 10:20 a.m. ET, the stock remained down nearly 17 percent at $3.80.
JCPenney — which shouldered the same sectorwide consumer challenges …please visit article’s author page to read more.
LaScalia thanks to: WWD Footwear News