J.C. Penney cut its outlook for full-year results on Friday saying it accelerated markdowns in the third quarter ended in October to move out slow-moving apparel, primarily in women's, it's largest department.
The company said it now expects 2017
comparable store sales to be flat or down 1 percent versus its most
recent guidance for sales to be up as much as 1 percent. Penney also
slashed adjusted full-year earnings per share.. . . more