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05/24, J C PENNEY : jcpenney announces shawn gensch as Chief Customer Officer. AQ. 05/21, J.C. Penney sales fall short, net loss doubles; shares sink. RE . 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.

J.C. Penney shares sink after wider-than-expected loss. 05-21 marketwatch.com J.C. Penney Co. Inc. JCP, +0.88% shares sank 8.7% in tuesday premarket trading after the department store retailer reported a first-quarter earnings miss. Net loss totaled $154 million, or 48 cents per share, after a loss of $78 million, or 25 cents per share, last year.

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 · But Penney’s comparable sales declined in the third quarter of 2016 and it has cut the long hanging fruit in its cost reductions.. J.C. Penney (JCP) has resumed selling appliances for the.

The sale of J.C. Penney’s flagship product, women’s clothing, was experiencing an unmistakable downturn. And while analysts had earlier estimated a loss of stock value that amounts to 18 cents to a dollar for the third quarter of 2017, J.C. Penney in its announcements had hinted that the loss could reach as high up to as 40 cents to a dollar.

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.

(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.

J.C. Penney’s (NYSE:JCP) shares have been kicked to the curb this year as investors started to fear the impact of store closures on the company’s sales and earnings trajectory.J.C. Penney has.

Several retailers stocks fell by double digits in early morning trading. stores are also struggling to grow sales amid. J.C. penney sales fall short, net loss doubles; shares sink. By Melissa Fares and uday sampath kumar. May 21 (Reuters) – Same-store sales fell more than expected at. U.S. stocks were mixed. export prices are up 0.3%.