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Another day, another big retailer in a world of pain. JCPenney revealed on Friday, August 11, 2017 it lost more money than feared. The bleak news sent its stock plunging more than 15% and below $4 a share for the first time ever.

Another day, another big retailer in a world of pain. JCPenney revealed on Friday, August 11, 2017 it lost more money than feared. The bleak news sent its stock plunging more than 15% and below $4 a share for the first time ever.