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

Mixed Bag for Retailers as J.C. Penney Beats, Kohl's Disappoints 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.

NEW YORK – J.C. Penney Co Inc. on Friday reported its worst drop yet in same-store sales since Chief Executive Ron Johnson began his radical transformation of the department store chain, overshadowing.

PLANO, Texas – 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 percent in early trading. The company said exiting those categories cut comparable sales by 20 basis points.

(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.

(Reuters) – 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. The company said exiting those categories cut comparable sales by 20 basis points.

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J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable -store sales on Tuesday after the retailer exited its appliance.

. were mixed, with some chains performing better than expected, and some worse.. JC Penney's earnings came in below Wall Street estimates, while its same-store sales fell 1.3% YoY, slightly steeper than expectations of a 1.2% drop .. The same-store sales increase was driven by a 3.7% bump at its.

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(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 categories, sending its shares down 10% in early trading.

In the fourth quarter, J.C. Penney posted a profit and same-store sales growth of more than 4%. According to the report in the New York Post, poor sales in April forced J.C. Penney to take.

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J.C. Penney also said it was "starting to see greater predictability in its performance across many areas" — a nod to several recent quarters of double-digit revenue declines. The company said it.