Los Angeles Business Journal

J.C. Penney Turnaround in Doubt as Sales Plummet

Friday, November 9, 2012

J.C. Penney, which is in the early stages of a multiyear turnaround, reported a 26 percent decline in third-quarter sales at stores open at least a year, a steeper drop than the 17.9 percent that Wall Street analysts were expecting, CNBC reports.