J. Jill’s share price plummets on negative outlook
October 13, 2017
In August, executives at J. Jill said they expected same-store sales to grow in the high single digits for the year. Now, the company is saying that its comp numbers will decline three to five percent. The market reacted harshly to the news, cutting the retailer’s share price in half to below $5, its lowest point since the company’s initial public offering in March.
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