J.C. Penney or Sears: Which one will fold first? [MSN Money]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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ir.jcpenney.com
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Source: MSN Money
Replay Video UP NEXT 1 Cancel SETTINGS OFF HD HQ SD LO J.C. Penney Forecasts Unexpected Full-Year Loss What to watch next UP NEXT Video by Bloomberg Load Error The stock market had a really strong Wednesday, with all major indices gaining significant ground behind a few strong earnings reports. One of the stocks left out of the rally, however, was the struggling department store JC Penney. JCP reported miserable second-quarter numbers, missing estimates across the board. It also slashed full-year guide. JCP stock dropped 27% in response to the awful numbers. You know who else had a bad day despite broader market strength? Sears. That struggling department store was down 7%, likely in sympathy with weak numbers from JCP. Why are investors lumping JCP and Sears together? Because both are struggling department stores with bleak outlooks, dying brands and troubled b
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