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Sentence Correction (SC) | Re: QOTD: Reporting that one of its many problems had been the recent

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Reporting that one of its many problems had been the recent extended sales slump in women's apparel, the seven-store retailer said it would start a three-month liquidation sale in all of its stores.

"the seven-store retailer" is singular so we need its. Eliminate D and E

The moment I see past perfect I go on high alert and I start to look for another action that forms a sequence. So, here "said" is an another action that happened after "extended". The only option
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