JC Penney Continues to Hemorrhage – WJON News – Healthy Topics

JC Penney Continues To Hemorrhage Losses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses. Read More

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JC Penney continues to hemorrhage – spectrumlocalnews.com – FILE – In this May 16, 2018 file photo, a man enters the JC Penney store at the Manhattan mall in New York. J.C. J.C. Penney Co. (JCP) on Tuesday, May 21, 2019. reported a loss of $154 million in its fiscal first quarter. The Plano, Texas-based company said it had a loss of 48 cents per share.

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PLANO, Texas (AP) – Losses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses. Same store sales tumbled 5.5% and shares fell by about as much Tuesday. The company on Tuesday reported a loss of $154 million in its first quarter, or 48 cents per [.]

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