Retail
J.C. Penney Is Having a Serious Wardrobe Malfunction
The retailer’s CEO is pessimistic that its core business will grow any time soon.
Retail Struggles While Consumers See a Rebound
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J.C. Penney has a fashion problem.
All clothing categories at J.C. Penney–men’s, women’s, and kids–posted negative comparative store sales for the quarter. Each fared worse than the retailer’s overall comp sales for the quarter, which fell 3.5 percent.