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Retail stat of the day (h/t WSJ's Dana Mattioli): In the first nine months of the year, J.C....
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Friday, November 9, 2012, 12:36 PM ETRetail stat of the day (h/t WSJ's Dana Mattioli): In the first nine months of the year, J.C. Penney (JCP -7%) lost $2.7B in sales which just so happens to be roughly equivalent to the annual sales for Saks. The early word on Q4 doesn't look promising either, with one analyst dourly noting on CNBC that comps are down as much as 30%-35% over the last few weeks.
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