J.C. Penney posts steeper-than-expected drop in same-store sales

J.C. Penney. a -1% YOY drop, while a solid -25% reduction in GAAP opex helped the company to deliver $0.64 in adjusted EPS that beat consensus $0.61. Credit: Huff Post On the outlook for FY17, J.C.

Department store leaders J.C. Penney. sales for the month. “We expected a better spring,” said Faith Hope Consolo, chairman of Prudential Douglas elliman retail leasing. Additionally, Dillard’s Inc.

J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday after the retailer exited its appliance and in-store furniture categories, sending shares.

J.C. Penney posts steeper-than-expected drop in same-store sales (Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories.. The foreign policy of the Barack Obama administration was the foreign policy of the United States from 2009 to 2017 while Barack.

As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping..

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J.C. Penney posts steeper-than-expected drop in same-store sales J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from.

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Same-store sales tumbled by 5.5% in the quarter and 0.1% for the full year. Analysts were looking for a first-quarter drop of around. only that it expects to post positive free cash flow in the.

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J.C. Penney is “a tale of two companies” with the old-style stores facing challenges as the new shops post higher sales per square foot. 20 percent in the first and second quarters. Same-store.

One of the oldest names in American retail, J.C. Penney has struggled to excite customers with its mid-priced clothing and has steadily lost out to fast-fashion brands an online shopping. The Plano, Texas-based company said sales at stores open for at least 12 months fell 5.5 percent in the first quarter, marking its sixth straight quarterly drop.

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(Adds fourth-quarter outlook, details from conference call; updates shares) By Siddharth Cavale Nov 11 (Reuters) – J.C. Penney, which caters mainly to lower-income shoppers, joins its closest.

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