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

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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,

That’s less than the 23 percent drop in the same period last year. the early part of the back-to-school season, J.C. Penney said. Yet Johnson’s more upscale home department is hurting same-store.

(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.

J.C. Penney Shares Surge After Sales Top Estimates 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.

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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 down.

(Adds details) Nov 11 (Reuters) – J.C. Penney Co Inc reported. which offer deep discounts on apparel. Penney, which caters mainly to lower-income shoppers, joins its closest rivals in reporting a.

(Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net. its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall,

Sales at stores open for at least 12 months fell 5.5% in the first quarter, its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall, according to IBES data from Refinitiv.

NEW YORK (Reuters) – J.C. Penney Co Inc’s attempt. percent decline expected by analysts. The drop was sharper than what Penney experienced at the peak of the financial panic in late 2008, when same.

May 21 Same-store sales. store sales on Tuesday after the retailer exited its appliance and in-store furniture categories, sending shares down 10% in premarket trading. May 21 J.C. Penney Co Inc.

(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.