J.C. Penney Falls After Signaling Slower Holiday Sales Gains

Updated on
  • Same-store sales in third quarter rise 6.4%, topping estimates
  • Net loss narrows as Ellison continues Ullman's cost cuts

J.C. Penney Co., the third-largest U.S. department-store company, fell the most in more than two years after signaling that sales growth during the holiday season may slow from the third quarter’s pace.

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