Shares of J.C. Penney fell 28.5% in the month of August, according to data provided by S&P Global Market Intelligence, after the department store chain announced a bigger-than-expected loss for.
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J.C. Penney delivered the latest dismal retail news, reporting a much larger-than-expected loss as same-store sales fell 32 percent. Shares skidded after-hours.
Aug 15 (Reuters) – J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Thursday, as the department store operator’s efforts to cut costs and shutter unprofitable businesses paid.
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J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year.
J.C. Penney Company Inc. (NYSE:JCP) is expected to report a third-quarter loss that is more than double. misdirection might be less than we anticipated.” “Heading into the holiday season, we see.
(Reuters) – J.C. Penney Co Inc’s (JCP.N) stock hit a life-low as sweeping store closures and a challenging retail environment drove the embattled department store chain to report a.
J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.
J.C. Penney starts out a pivotal year under new management with a bigger sales decline and wider loss than analysts expected.
J.C. Penney has hired advisers to explore debt restructuring options that. fell more than expected during the first quarter and that its net loss.
Shares of the struggling retail chain J.C. Penney surge after the company posts a narrower-than-expected quarterly loss as it continues its efforts to streamline and restructure its operations.
(Reuters) – J.C. Penney Co Inc (JCP.N) predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results. and avoid.
NEW YORK – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its.