J.C. Penney sees bigger loss than 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.

FILE – In this Tuesday, June 19, 2012 file photo, shoppers walk in a J.C. Penney story in Plano, Texas. J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting.

Same-store sales fell more than expected at J.C. Penney Co Inc in the first. Penney was the second biggest decliner among S&P 600 companies.. Democratic candidate Warren sees U.S. economic downturn; urges.

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NEW YORK – 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.

J.C. Penney is “flailing” says one analyst, while much of the retail sector is surging.. Experts see increasing similarities between Penney and its. 27% in their biggest one-day tumble in J.C. Penney's 40-year history as a public company.. Read: Three reasons for Target's better-than-expected earnings.

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.

JCPenney 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 company also cut its full-year forecast again.

J.C. Penney Co. shares tumbled the most in more than three decades, hurt by deeper losses and a sense among investors that department.

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J.C. Penney reported a bigger quarterly loss and lower revenue than expected. ceo mike ullman vowed to put the struggling retailer "back on a path to profitable growth."

Major retailers reported generally sluggish october sales thursday, with J.C. Penney Co. warning of a bigger-than-expected loss in its fiscal third quarter, as analysts said the reports suggest a.

J.C. Penney delivered the latest dismal retail news, reporting a much larger-than-expected loss as same-store sales fell 32 percent. Shares skidded after-hours.