Retail News

Penney shareholders concerned about chain’s future

The Dallas Morning News 05/20/2017

J.C. Penney shareholders expressed concern about the retailer’s prospects at its annual meeting held last week. Penny’s stock is currently trading below $5 a share following a first quarter where same-store sales declined 3.5 percent. Some investors have suggested that Penney seek to monetize its real estate holdings while others think it should pursue a sale.

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