J.C. Penney Shares Fall on Report

Analyst Charles Grom sees the retailer "backtracking" on promotions, which might undermine the company’s two-tier pricing strategy.

By Evan Clark

financial/news

Wall Street is starting to worry that J.C. Penney Co. Inc. is falling off the promotional wagon.

Shares of the company retreated 5.7 percent to $24.01 Wednesday after Deutsche Bank analyst...

J.C. Penney Shares Fall on Report

Analyst Charles Grom sees the retailer "backtracking" on promotions, which might undermine the company’s two-tier pricing strategy.

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