J.C. Penney Co. 4Q profit drops 50%

Yes, you read that right, 50 percent. That is almost too unbelieveable, especially during the Christmas season. Wow.

"Retailer J.C. Penney Co. saw its fourth-quarter profit drop 50 percent as sales for the quarter fell 9.8 percent and same-store sales dropped 10.8 percent when compared to the year prior."

cincinnati.bizjournals.com...