J.C. Penney says it still sees some struggles ahead but expects business to. change Penney’s brings back free haircuts for kids J.C. Penney reports bigger-than-expected loss Shares plunged nearly.
J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.
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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.
May 21 (Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in. 5.5% in the first quarter, bigger than analysts’ average estimate of a 4.21% fall, according to IBES data from.
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 categories, sending.
JCPenney reports a wider loss than expected, stock gets smoked. department store operator J.C. Penney Co Inc reported a wider loss as its margins took a. SEE ALSO: Blue Apron warns of a big.
“J.C. Penney on Tuesday reported a larger-than-expected loss in the first quarter largely because customers were turned off by the retailer’s new plan to get rid of heavy discounting periodically.
J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year.
J.C. Penney Co. posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company’s results. JCPenny Posts a Bigger-Than-Expected Loss–Update | Fox.
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NEW YORK – J.C. Penney on Tuesday reported a larger-than-expected loss in the first quarter largely because customers. time conveying the everyday pricing plan once shoppers start to see new brands.
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NEW YORK (AP) – J.C. Penney Co. reported another big loss on a. a $1.07-per-share loss on revenue of $2.77 billion. Revenue at stores open at least a year dropped 11.9 percent, worse than the 8.3.
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