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Friday, September 22, 2017, 5:02 a.m.

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J.C. Penney stock sinks to all-time low

By JOSEPH PISANI THE ASSOCIATED PRESS

This article was published August 12, 2017 at 1:50 a.m.

kenadi-wade-7-shops-this-week-with-her-grandparents-at-a-jc-penney-store-in-tyler-texas-though-penney-reported-a-quarterly-loss-friday-of-62-million-the-department-store-chain-said-back-toschool-sales-were-off-to-a-good-start

Kenadi Wade, 7, shops this week with her grandparents at a J.C. Penney store in Tyler, Texas. Though Penney reported a quarterly loss Friday of $62 million, the department store chain said back-toschool sales were off to a “good start.”

Sales at established J.C. Penney stores faded again during its most recent quarter, capping a gloomy week for U.S. retailers.

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