The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Jason Moser, discuss the top business and investing stories.
After J.C. Penney reported a staggering 26% drop in same-store sales, share prices have taken a hit. In this clip, the guys discuss what they see as the root causes of these numbers and whether this is a trend that can be turned around, or if this is truly indicative of a brand in peril.
The story of J.C. Penney is long and full of colorful history. Incorporated in 1913, the company has suffered alongside the nation through many recessions over the past hundred years. Now the company faces unprecedented challenges and struggles to regain profitability. Investors have to wonder if this company's century-long story is about to come to an end. To help you answer that question, we've compiled a premium research report with everything you should know about J.C. Penney. Simply click here to get started.