There was a time when JC Penney (NYSE:JCP) used to be one of the biggest department stores in the world, but over the past half a decade or so, the company has been in the middle of a financial meltdown due to its debts.
Over the course of the previous three years, the JCP stock has lost as much as 90% of its value, and although it attracted some investors as it hit new lows, the stock continued to drop. Recently, the company has instituted plenty of new measures in order to turn around the business. ...
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