J.C. Penney Day Of Reckoning


JCPenney Co. Inc. (NYSE: JCP), one of the oldest retailers in the United States, will release earnings this week. When it issued its previous quarterly numbers, sales fell 20%. Most analysts do not believe the figures will be that bad again, but they anticipate that revenue will decline 17%, based on consensus forecasts. A drop of that size will cause experts to question once again whether JCPenney has a future as a standalone company, or whether it will need to be sold, either in whole or in parts.

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