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How it all went wrong at JCPenney


The economy is humming. Americans are eager to spend on clothes, toys and home decor.
Just not at JCPenney.
Leaderless, $4 billion in debt and with a stock price below $2, the besieged retailer faces an uncertain fate after posting its latest round of dismal earnings.
"They're in a leaky boat that eventually will sink," said Mark Cohen, the director of retail studies at the Col ...

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