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Update: J.C. Penney CEO salvages earnings disaster. The mid-price department store chain reported a bigger-than-expected loss and plummeting sales during the second quarter, as its customers.
J.C. Penney starts out a pivotal year under new management with a bigger sales decline and wider loss than analysts expected. The transformation of 117-year-old Penney, "will take time" said chief. Dallas Morning News 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 starts out a pivotal year under new management with a bigger sales decline and wider loss than analysts expected. The transformation of 117-year-old Penney, "will take time" said chief.
J.C. Penney Co. (JCP – Get Report) was down more than 25% on Thursday, Aug. 16, after the retailer reported a net loss of $101 million, or 32 cents a share, wider than the year-earlier loss of $48.
While some analysts still see the retailer as one of the stronger remaining players in. In the long-term, Penney may have even bigger problems.. In the 1960s, J.C. Penney underwent a major transformation as an evolution. The two years prior had been marked by heavy losses and the disastrous stint.
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J.C. Penney Co. reported better-than-expected earnings for. Penney’s adjusted loss narrowed to $315 million from $778 million and its Ebitda rose to $527 million from $377 million. The retailer.
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 forecast.
A June 19, 2012 photo shows a sign at a JC Penney store in Oklahoma City.. 10, 2012, a bigger-than-expected loss and plummeting sales during the. some analysts see the fates of the two consumer stalwarts as tied, two.
J.C. Penney Inc. reported a smaller loss in. more than 30 years. Penney is also expanding its Sephora beauty shops and is updating its beauty salons now branded Salon by InStyle Still, like other.
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J.C. Penney Co. posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company’s results. JCPenny Posts a Bigger-Than-Expected Loss–Update | Fox.