JCPenney stock falls below $1

JCPenney has hit a milestone no company ever wants to achieve.

Its stock fell below one dollar for the first time this week.

The 110-year-old company hasn't been profitable since 2010.

JCPenney has $4 billion worth of debt, a junk credit rating and problems with its inventory and supply chain.

------

Send a News Tip to Action News
Learn More About 6abc Apps