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J.C. Penney posts steeper-than-expected drop in same-store sales

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.

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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

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 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 appliances and in-store furniture categories, sending its sh. Read more on Reuters. 37 days ago.

(Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net. its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall,

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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(Reuters) – J.C. Penney Co Inc reported a surprise. which offer deep discounts on apparel. Penney, which caters mainly to lower-income shoppers, joins its closest rivals in reporting a drop in same.

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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.

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. its sixth straight quarterly drop..

(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday after the retailer exited its appliance and in-store furniture categories, sending shares down 10% in premarket trading. The retailer, which earlier this year said it would stop.