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

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posted on Feb, 20 2009 @ 03:38 PM
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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...




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