J.C. Penney Company, Inc. (NYSE:JCP) denied rumors that CIT Group Inc. (NYSE:CIT) has pulled off support for small vendors, compounding a sharp drop in its same store sales.
![J.C. Penney Denies Rumors Of Credit Line Cut Off By CIT J.C. Penney Denies Rumors Of Credit Line Cut Off By CIT](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E)
James Covert of New York Post indicated the largest commercial lender in the U.S. apparel industry, CIT Group Inc. (NYSE:CIT), has abruptly stopped financing...
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