Retail rout as Penney warns

[calm_girl]

Retail rout as Penney warns
      

JCÃ, Penney surprised the retail sector on Friday with its warning that first-quarter earnings could be as much as 38 percent below its initialÃ, forecasts, and it said itÃ, expects the difficult environment to persist throughout 2008.
The warningÃ, came the same day that the Reuters/University of Michigan Surveys of Consumers showed that U.S. consumers’ confidence weakened to the lowest [...]
         

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