On Thursday, in active trade, shares of retailer J.C. Penney (NYSE:$JCP) dropped 2.6% towards yet another record low amongst broad weakness in the retail sector after J.Jill Inc.’s (NYSE:$JILL) profit warning.

Here’s what we know:

Roughly 13.8 million shares changed hands through midday, which is above the full-day average of 12.7 million shares. Apparel retailer J.Jill’s stock plunged 50% after issuing a profit warning late Wednesday night, putting all the blame on “product and calendar issues.”

J.C. Penney’s stock, which closed at a record low yesterday, has dropped 27% over the course of the past three months and 59% so far this year. As a point of reference, the SPDR S&P Retail ETF (NYSEARCA:$XRT) has gained 2.2% over the course of the past three months.

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