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Stock impact report

Why Shares of J.C. Penney Declined Over 10% Tuesday Morning [The Motley Fool]

JC PENNEY (JCP) 
Last jc penney earnings: 2/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
Company Research Source: The Motley Fool
Why Shares of J.C. Penney Declined Over 10% Tuesday Morning While the company has taken positive steps for its business, J.C. Penney faces a tough turnaround. Shares of J.C. Penney Company ( NYSE:JCP ) , a department-store and online retailer of apparel, footwear, accessories, and home furnishings, among other products, declined more than 10% early Tuesday morning as the company tries to turn its business around before permanently closing its doors. It's been a consistent downward spiral for JCP investors: The company's stock has shed 54% of its value over the past year and over 91% over the past three years. The growth in e-commerce and rapidly changing retail landscape has forced many retailers to permanently close their doors. Former rockstar brick-and-mortar retailers such as Sears and Toys R Us, to name a couple, couldn't adapt before filing for bankruptcy. JCP is burning through cash, has a hefty debt load, and received a notice in August that its stock could be delisted from t Show less Read more
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