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

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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 and in-store furniture categories, sending shares.

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(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected fall. its locations to boost sales and revive profits. Sales at stores open for at least 12 months fell 5.5% in the first quarter,

 · J.C. Penney Co. Inc. (NYSE: JCP) reported first-quarter fiscal 2019 results before markets opened Tuesday. The venerable retailer reported an.

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 Plano, Texas-based company said sales at stores open for at least 12 months fell 5.5% in the first quarter, marking its sixth straight quarterly drop. Analysts’ on average h

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.

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(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.

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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, from $68 million, or 22 cents per share, a year earlier.

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J.C. Penney posts worse-than-expected drop in same-store sales, shares drop Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances.

(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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