J.C Penney and Kohl’s struggle in fiscal 1st quarter

NEW YORK (AP) – The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of.

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Throughout that golden age, Kohl’s relied on a repeatable formula with defined characteristics: Smaller and neater stores of 80,000 square-feet compared with the 120,000 square-foot size of a typical.

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Classic stores such as J.C. Penney and Kohl’s are hitting the sort of pitfalls that sank. falling short of expectations in its first quarter under its new chief executive, Jill Soltau. Before.

J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with.

Retired $190 Million of Long-Term Debt at Maturity PLANO, Texas – (May 17, 2018) – J. C. Penney Company, Inc. (JCP) today announced financial results for its fiscal first quarter ended May 5, 2018.

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FILE -This May 11, 2017 file photo shows a Kohl’s department store, in Doral, Fla. Kohl’s Corp. (KSS) on Tuesday, May 21, 2019, reported fiscal first-quarter net income of $62 million.

The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney, J.C. Penney is struggling to become profitable.

JCPenney suffered a 5.5% decrease in first quarter sales for. but its latest financial news has shoppers wondering how much longer the struggling department store chain will keep its doors open..

MENOMONEE FALLS – Kohl’s have formed an exclusive, long-term partnership with Fanatics, a manufacturer and distributor of licensed sports merchandise, to increase the amount of fan gear.

J.C. Penney and Kohl’s struggle in fiscal 1st quarter By: The Associated Press May 21, 2019 0 J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead.