​J.C. Penney sales fall short, net loss doubles; Shawn Gensch named new CCO

J C Penney Company Inc: This Is Why J C Penney Stock Is Going Crazy Today.. J C Penney posted a loss of $68.0 million, or -$0.22 per share. Sales fell far short of expectations. During the.

With a 20% sales drop, J.C Penny’s flight in the face of traditional retail pricing, has failed, at least in the short-term. CEO ron johnson insists that the company will continue with this method, even though experts expect the retail chain to gradually return to offering frequent sales and promotions.

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J.C. Penney sales fall short, net loss doubles; shawn gensch named new CCO May 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 appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.

PLANO, Texas – (May 21, 2019) – J. C. Penney Company, Inc. (JCP) today announced that Shawn Gensch, a highly accomplished executive with 25 years of experience in marketing and finance, has been.

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PLANO, Texas – 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 as bad as many industry analysts expected, many soured on even that after a closer look. "Don’t be fooled.

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J.C. Penney said that it will shut down more than a hundred underperforming stores in the coming months, which obviously is going to affect the retailer’s full year comparable store sales results.

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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.