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

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(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.

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J.C. Penney’s (NYSE:JCP) turnaround is progressing slowly and it appears likely that Q4 results will fall toward the low range of analyst estimates. Bullish expectations for double. our net loss.

J.C. Penney’s (NYSE:JCP) shares have been kicked to the curb this year as investors started to fear the impact of store closures on the company’s sales and earnings trajectory.J.C. Penney has.

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J.C. Penney sales fall short, net loss doubles; shares sink. 5/21/2019 7:37:00. J.C. Penney same-store sales fall more than expected, shares drop. 5/21/2019.

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.

(Reuters) – J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price.

. Epoch Times – JC Penney Sales Fall Short, Net Loss doubles; shares sink. jill Soltau: Fox Business – JCPenney, Kohl's disappoint and stocks crater.

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.

NEW YORK (MarketWatch) — J.C. Penney Co. said Friday that. to bolster holiday sales. upscale retailer nordstrom Inc. shares took a 1.5% hit after its profit and sales both fell short of.

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.

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

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