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

Sales at stores open for at least 12 months fell 5.5% in the first quarter, its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall, according to IBES data from Refinitiv.

J.C. Penney posts steeper-than-expected drop in same-store sales May 21 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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(Reuters) – J.C. Penney Co Inc reported a surprise. which offer deep discounts on apparel. Penney, which caters mainly to lower-income shoppers, joins its closest rivals in reporting a drop in same.

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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.

(Reuters) – 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.

The Plano, Texas-based company said sales at stores open for at least 12 months fell 5.5% in the first quarter, marking its sixth straight quarterly drop. Analysts’ on average h

(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.

(Reuters) – 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.

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J.C. Penney posts worse-than-expected drop in same-store sales, shares drop Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances.

A Weak Quarter for Most of Retail J.C. Penney’s stock sunk below $4 Friday morning, an all-time low for the 115-year-old retailer. Another quarter of falling same-store sales from J.C. Penney come. and it was worse than the 1.2.

(Reuters) – 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 down 10% in premarket trading. The retailer, which earlier this year said it would stop.