Check Out Line: Price cuts cutting Penney’s profits

[calm_girl]

Check Out Line: Price cuts cutting Penney's profits
      

Check out the 50 percent drop in quarterly profit at JC Penney.
The mid-tier department store operator had warned in late March that its first-quarter profits would be hammered after a drop in store traffic and dismal Easter sales forced it to cut prices to clear out unsold merchandise.
Penney shoppers can expect more price cuts on future [...]
         

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