J.C. Penney sales fall short, net loss doubles; shares sink 10%

J.C. Penney (jcp) gave investors a rare good surprise on Friday when it reported better than expected third-quarter sales, sending shares up 14% in pre-market trading. The department store, which.

J.C. Penney Co. Inc. JCP, -13.54% shares sank 16.4% in Friday premarket trading after the retailer reported second-quarter losses that exceeded expectations. J.C. Penney reported a net loss of $62.

Net sales fell marginally to $5.55 billion, largely in line with estimates, while sales at its established stores rose 0.3%.

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(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Thursday, as the struggling department store operator stopped selling appliances and furniture in its stores. The Plano, Texas-based company said sales at stores open for at least 12 months.

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J. C. Penney Company, Inc. (stylized as JCPenney) is an American department store chain with 864 locations in 49 U.S. states and Puerto Rico. In addition to selling conventional merchandise, J. C. Penney stores often house several leased departments such as Sephora, Seattle’s Best Coffee, salons, auto centers, optical centers, portrait studios, and jewelry repair.

J. C. Penney (JCP) witnesses year. JC Penney (jcp) shares plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased 4.3% year over year due to 141 store.

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 (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.

Find your bookmarks by selecting your profile name. 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.

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.

Description J. C. Penney Company, Inc. the wholly-owned operating subsidiary of the Company is one of largest department store, drugstore, catalog, and e-commerce retailers.