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J.C. Penney sales fall short, net loss doubles; shares sink

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Losses At JC Penney Double, Sales Slide, As Do Shares Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.

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.

J.C. Penney hits new all-time low as sales and profit sink.. J.C. Penney Shares Hit All-Time Low as Turnaround Fails.. So far this year, Penney has had a net loss of $242 million, almost.

Automotive Technician, In-Shop in MO Encourage service technicians. Under the gun The jump in shop injuries may be caused in part by constant pressure on service departments to crank out more repair jobs to increase revenue, says Bob.

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 J.C. Penney Co Inc in the first.

J.C. Penney Tumbles on Earnings Miss: What Wall Street’s Saying J.C. penney shares tumble Friday as investors are once more concerned about the department store chain’s turnaround. Laurie Kulikowski

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 Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price retailers and a.

In 2018, J. C. Penney closed permanently at Plaza Palma Real in Humacao, Puerto Rico, after Hurricane Maria devastated the store in September 2017. In May 2018, J. C. Penney reported an adjusted loss of $69 million in the first quarter, even worse than Wall Street predicted, and lowered its projections for the year.

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J.C. Penney sales fall short, net loss doubles; shares sink 10%, by 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.

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