Reuters: JC Penney profit down 50 pct; sees difficult year

[chris]

JC Penney profit down 50 pct; sees difficult year
      

NEW YORK (Reuters) - J.C. Penney Co Inc  said on Thursday its first-quarter profit dropped 50 percent as the retailer cut prices to clear unsold merchandise, and it forecast a similar profit drop for its current quarter.
<p>You are not allowed to view links. Register or Login</p><div class="feedflare">
You are not allowed to view links. Register or Login You are not allowed to view links. Register or Login You are not allowed to view links. Register or Login
</div><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
      

You are not allowed to view links. Register or Login