3 Great Reasons to Sell J.C. Penney Stock
Traditional brick-and-mortar retailers are being decimated by the onslaught of competition from e-commerce. The weakest among them have already gone bankrupt -- RadioShack, hhgregg, and Sports Authority are just a few examples. And now, even once iconic retailers are being forced to shutter hundreds of stores as they retreat to what they hope are more defensible positions. Unfortunately, this may ultimately prove futile for many traditional retailers, as consumers' shopping habits continue to shift online and away from store-based purchases.
Department stores such as J.C. Penney (NYSE: JCP) are particularly exposed to these devastating trends -- so much so that investors may be best served by selling their shares. In this regard, here are three reasons why more pain may lie ahead for J.C. Penney and its shareholders.
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Source: Fool.com
