J.C. Penney (NYSE: JCP) recently posted its third straight quarter of negative comparable-store sales, dousing hopes that CEO Jill Soltau, who took the top job last October, would halt the retailer's downward spiral. J.C. Penney's comps declined 5.5% in the first quarter as its revenue fell 5.6% to $2.44 billion.
a retailer of mens and womens clothing
Industry DepartmentStores