J.C Penney and Kohl’s struggle in fiscal 1st quarter

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.

 · Same-store sales drop at Kohl’s for first fiscal quarter of 2019.. both Kohl’s and J.C. Penney Co. Inc. saw their shares decline in pre-market trading after reporting their first quarter.

Kohl’s shares tumbled more than 9%, or $5.62, to $57.29 in premarket trading, while J.C. Penney’s shares fell down more than 8%, or 10 cents, to $1.05 per share.

Kohl’s Corp., based in Menomonee Falls, Wisconsin, reported fiscal first-quarter net income of $62 million, or 38 cents per share.

 · J.C. Penney and Kohl’s have failed their most loyal customers: Middle-aged moms. San Francisco to become first major US city to ban e-cigarettes.. In the most recent quarter.

NEW YORK – The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year..

NEW YORK (AP) – 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. Penney, which has been trying to turn around its business for several years after a disastrous reinvention plan, reported a wider than expected loss and sales declines during the quarter.

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 · NEW YORK (AP) – 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.

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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. saw a 2.7% dip in comp sales during the first quarter. Kohl’s CEO Kevin Mansell stated that comp sales plunged 8% in February but declined just 1% in the March-April period. J.C. Penney saw.

NEW YORK (AP) – 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. Department stores troubles rise on Penney’s, Kohl’s results | 1010 WINS