Is J.C. Penney the new Sears
J.C. Penney shares tumbled Wednesday after the retailer reported a much wider-than-expected first-quarter loss, suspended its dividend and saw weakness across all core metrics.
Source: Yahoo! News - Latest News & Headlines
J.C. Penney (Hover)
Oh come on, JC Penney obviously didn't mean to do that and if people see Adolf Hitler in that billboard isn't their fault and they shouldn't remove it!
Bill Ackman's plan to reshape J.C. Penney has hit another snag: He's selling. Ackman's Pershing Square Capital Management is preparing to sell the 39.1 million shares of the retailer it owned, ending the hedge fund's efforts to create profitable change at the struggling retailer. Ref. USAToday