Shares of J.C. Penney Co. Inc. fell to a 52-week low after investors realized that the early update on comparable-store sales perhaps wasn’t so positive after all.
Penney’s said Tuesday that it recorded a 2 percent comps gain for the fourth quarter, the first time since the second quarter of 2011 that the retailer has posted a positive quarterly sales result. It noted that for the nine weeks of November and December, the comps growth was a gain of 3.1 percent.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)