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

Macy’s and J.C. Penney led a rout in retail shares wednesday morning. 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 Co. (JCP) is reporting a loss of $180 million in its fiscal first quarter. Losses at JC Penney double, sales slide, as do shares | Fox Business News

J.C. Penney’s Shares Drop After Weak Quarter. Not only did same-store sales growth fall well short of consensus estimates. J.C. Penney closed more than 100 stores in 2017 and has previously.

(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.

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J.C. Penney Co. Inc. jcp, -3.43% shares sank 6.6% in Friday premarket trading after the retailer revised its third-quarter guidance below estimates and issued a profit warning for both the third.

JCPenney Corporate Office – Corporate Office HQ – JCPenney, also called JCP or Penneys, was founded by James Cash Penney in 1902 as the Golden Rule Store. Penney bought out his 2 partners in 1907 and began calling the stores J.C.

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Walmart Inc. (/ w l m r t /; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam’s Club retail warehouses.

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 its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.

LONDON, Jan 10 (Reuters) – British retail sales picked up speed in December, an industry survey showed, but sales of bigger ticket items were sluggish, a possible early sign that consumers are bracing.

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