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Sales at stores open for at least 12 months fell 5.5% in the first quarter, its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall, according to IBES data from Refinitiv.
J.C. Penney posts worse-than-expected drop in same-store sales, share drop, by J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10% in early trading.
(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.
One of the oldest names in American retail, J.C. Penney has struggled to excite customers with its mid-priced clothing and has steadily lost out to fast-fashion brands an online shopping. The Plano, Texas-based company said sales at stores open for at least 12 months fell 5.5% in the first quarter, marking its sixth straight quarterly drop.
J.C. penney sales fall short, net loss By Melissa Fares and Uday Sampath Kumar May 21 (Reuters) – Same-store sales fell more than expected. its sixth straight quarterly drop..
J.C. Penney posts steeper-than-expected drop in same-store sales J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from.
May 21 (Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture.
(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected fall in. Texas-based company said sales at stores open for at least 12 months fell 5.5% in the first quarter, marking its sixth.
J.C. Penney posts steeper-than-expected drop in same-store sales. May 21 J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit.
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J.C. Penney posts worse-than-expected drop in same-store sales, shares drop 5/21/2019 7:37:00 AM – Reuters Kohl’s chops profit forecast after dismal first quarter, shares slump
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J.C. Penney posts steeper-than-expected drop in same-store sales J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major.