Since individual consumers seem to be losing interest in J.C. penney (jcp. 300 stores by early fall. Penney could use a home run right about now; last week it reported comparable sales fell 3.5% in.
J.C. Penney Co. (JCP) on Tuesday, May 21, 2019. reported a loss of $154 million in its fiscal first quarter. The Plano, Texas-based company said it had a loss of 48 cents per share.
Financial statements for J.C. Penney Co. Inc.. DOW JONES, A NEWS CORP COMPANY News Corp is a network of leading companies in the worlds of diversified.
J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.
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Compounding these worries, Macy’s and Kohl’s both projected in November that sales growth would slow somewhat this quarter, compared to the first three quarters of fiscal 2018. And J.C. Penney’s new.
On Tuesday morning, J.C. Penney (NYSE: JCP) and Kohl’s (NYSE: KSS) became the latest department stores to report dismal first-quarter results. falling at a mid-single-digit pace for the rest of.
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Unseasonable weather hurt traffic at the department-store chain in the first quarter, though as temperatures improved, business “bounced back,” helped also by a calendar shift, Chief Financial. J.C.
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Penney’s, Kohl’s struggle in 1st quarter. By Anne D’Innocenzio. Published 4:58 pm PDT, Tuesday, May 21, 2019
NEW YORK – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year.
July 11 (Reuters) – Ratings agency Standard & Poor’s downgraded J.C. Penney Co. Earlier this year, Penney eliminated coupons and most sales events, resulting in an 18.9 percent decline in.
Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.
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Kohl’s Corp., based in Menomonee Falls, Wisconsin, reported fiscal first-quarter net income of $62 million, or 38 cents per share.