JC Penney says holiday same-store sales fell 7.5%, reaffirms outlook for the year

CNBC
J.C. Penney wasn’t able to buck the trend of declining sales at U.S. department store chains this holiday season. But despite a steep sales decline, it reaffirmed its financial outlook for the year.

The company said its same-store sales over a nine-week period that ended on Jan. 4 dropped 7.5%. . . . more