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J.C. Penney Shares Fall 25% as More Bad News Pours In. Phil Wahba. J.C. Penney said it expects comparable sales to be up 0.6% to 0.8% when it reports its results for the third-quarter which.
Featured J.C. Penney stock falls as apparel sales plummet and appliances not picking up. Shareholders are wondering what steps will J.C. Penney take in order to stop the bleeding of its stocks.
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J. C. Penney Co., Inc. is a holding company, which through its subsidiary, J. C. Penney Corporation, Inc., engages in the selling merchandise and services to consumers through its department.
J.C. Penney narrows losses, but shares fall. with an adjusted loss of 5 cents. and footwear and handbags were the quarter’s top-performing sales categories. J.C. Penney held to its.
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J C Penney Company Inc (NYSE: JCP) stock crashed more than 17 percent Friday to its lowest level since the 1980s after the company issued deep cuts to its 2017 guidance ahead of the critical.
· J.C. Penney sales fall short, net loss doubles; shawn Gensch named new CCO 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.
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PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear.
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Liquidation efforts took a toll on J.C. Penney in its second quarter, which reported earnings and same-store sales below estimates. Penney’s net loss widened to $62 million in the quarter ended.
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J.C. Penney shares hit new all-time low its profit plummets. J.C. Penney Shares Fall 25% as More Bad News Pours In. J.C. Penney said it expects comparable sales to be up 0.6% to 0.8% when it.