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

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

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.

(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.

(more) PARIS U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department.

UPDATE 2-J.C. Penney same-store sales fall more than expected, shares drop Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and.

J.C. Penney. that Penney is instead "soundly asleep." Penney posted a net loss of $101 million, or 32 cents a share, in the quarter ended Aug. 4, compared with a net loss of $48 million, or 15.

J.C. Penney Co. Inc. JCP, +4.02% 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.

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J.C. Penney said that it will shut down more than a hundred underperforming stores in the coming months, which obviously is going to affect the retailer’s full year comparable store sales results.

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J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended April 29. JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles Subscribe

PARIS, July 24 U.S. sales at beauty retailer Sephora picked up in the second quarter after a sluggish end to 2018, its parent LVMH said on Wednesday, citing its continued tie-up with U.S. department.

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.

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