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J.C. Penney shares plummet after profit warning, drag rivals lower too

“The FactSet consensus is for same-store sales growth of 0.1% and a 17-cents loss per share” writes Tonya Garcia for marketwatch.com. Macy’s M, -6.61% stock fell 7%, Kohl’s KSS, -4.46% shares were down 5.2%, and Nordstrom Inc.Inc.’s third-quarter and full-year profit warning sent its shares down as much as 25% Friday, dragging down the stock of fellow department-store chains Macy’s Inc., Kohl’s Corp. and Nordstrom Inc. with them.
 
Source: marketwatch.com



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