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J.C. Penney slides ahead of earnings

Published 08/10/2017, 01:33 PM
© Reuters.  J.C. Penney slides ahead of earnings
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  • J.C. Penney (JCP -6.7%) heads into tomorrow's earnings day on a down note after peers Kohl's, Dillard's and Macy's (NYSE:M) all stumbled with their reports.
  • Hope that a wave of bankrupcties helped to add some incremental traffic at department stores faded after Dillard's and Macy's all reported weak same-store sales/
  • Analysts expect J.C. Penney to report sales of $2.84B and a $0.05 loss for the quarter.
  • Now read: J.C. Penney: A Reasonable Growth Scenario


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