Retail News

J.C. Penney Slows Rate of Descent

Bloomberg News 08/20/2013

Last year at this time, J.C. Penney announced a same-store sales decline of 22 percent. This go around, now under interim CEO Myron “Mike” Ullman, sales were down 12 percent as the department store chain attempts to apply the brakes on its downhill slide.

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