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

J.C. Penney sales drop, Federated sees rise J.C. Penney’s same-store sales for the four weeks ended Aug. 26 dropped 4.5 percent and the company also warned that third-quarter earnings could be lower.

Investors cannot seem to get enough J.C. Penney Co. Inc. (NYSE. In the third quarter a year ago, Sears posted a same-store sales drop of 2%, and there is no reason to expect that to improve much..

Investors cannot seem to get enough J.C. Penney Co. Inc. (JCP. In the third quarter a year ago, Sears posted a same-store sales drop of 2%, and there is no reason to expect that to improve much..

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J.C. Penney posts steeper-than-expected drop in same-store sales By Kenneth Alvarez In Texas Mortgage News Contents Real time ships Corp bought british Fronteriza del sector del Attempted smuggling incidents Sea considerada como Special features dedicated Sales at stores open for.

J.C. Penney posts worse-than-expected drop in same-store sales, share drop, by J.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10% in early trading.

The Plano, Texas-based retailer is expected to post a loss of $1.77 a share. While the analyst believes improvements in J.C. Penney’s e-commerce sales added momentum to the company’s.

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PLANO, Texas – J.C. Penney Co. Inc. reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10 percent in early trading. The company said exiting those categories cut comparable sales by 20 basis points.

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.

(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.

J.C. Penney also said it was “starting to see greater predictability in its performance across many areas” — a nod to several recent quarters of double-digit revenue declines. The company said it.

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