J.C. Penney sales fall short, net loss doubles; shares sink 10%

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Why JC Penney Is Collapsing to New 52-Week Lows. just cannot make up the difference of in-store losses versus online sales gains. J.C. Penney Co. Inc. (NYSE: JCP) has reported earnings, but.

J C Penney stock has tanked this year, losing 69% and touching a record low of $2.35 yesterday. At last check, the security was trading 4.8% higher at $2.63, but JCP shares could sink to new lows.

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PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear.

Find your bookmarks by selecting your profile name. 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.

J. C. Penney (JCP) witnesses year. JC Penney (JCP) Shares Plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased 4.3% year over year due to 141 store.

JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles. J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended april 29, from $68 million.

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The sale of J.C. Penney’s flagship product, women’s clothing, was experiencing an unmistakable downturn. And while analysts had earlier estimated a loss of stock value that amounts to 18 cents to a dollar for the third quarter of 2017, J.C. Penney in its announcements had hinted that the loss could reach as high up to as 40 cents to a dollar.

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