JC Penney Reports Over 30 Percent Drop In Sales In 4th Quarter

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People walk by a JCPenney store on February 28, 2013 in Daly City,... News PhotoBusiness,California,Daly City,Finance,Full Length,Horizontal,JCPenney,Merchandise,People,Retail,San Bruno,Store,USA,WalkingPhotographer Collection: Getty Images News 2013 Getty ImagesDALY CITY, CA - FEBRUARY 28: People walk by a JCPenney store on February 28, 2013 in Daly City, California. J.C. Penney Co. reported a 31.7 percent drop in fourth quarter earnings with a net loss of $552 million, or $2.51 per share compared with a loss of $87 million, or $0.41 one year ago. (Photo by Justin Sullivan/Getty Images)