J.C. Penney Cancels Some Merchandise Orders as it Cuts Sales Forecast for Rest of 2010

August 31, 2010  by in UnCategorized   

By Aggregated Content in Financial Reports on September 1, 2010 from http://c.moreover.com/click/here.pl?z3108595882&z=1000247453 J.C. Penney Co. is canceling some merchandise orders for the rest of the year to match its lowered sales forecast. There appeared to be "no notable pickup in traffic" at Penney stores in August, despite new product launches, according to a Morgan Stanley research report issued Tuesday.

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