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By Melissa Fares and Uday Sampath Kumar (Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.
May 21 Same-store sales. and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday. J.C. Penney Co Inc.
J.C. Penney said that it will shut down more than a hundred underperforming stores in the coming months, which obviously is going to affect the retailer’s full year comparable store sales results.
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.
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J.C. Penney Co. Inc. (NYSE: JCP) shares dropped on Friday following. Back in May, the retailer said same-store sales fell more than expected during the first quarter and that its net loss nearly.
J.C. Penney Co Inc has hired advisers to explore debt restructuring. Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter.
J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended April 29. JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles Subscribe
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J. C. Penney Company, Inc. one of the nation’s largest apparel and home retailers, combines an expansive footprint of over 860 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to deliver style and value for all hard-working American families.
UPDATE 2-J.C. Penney same-store sales fall more than expected, shares drop Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and.
PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear.