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

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J.C. penney cutting 670 jobs, closing distribution center. The holiday period was even brighter, as same-store sales rose 3.4%. But the. "However, as customer traffic drops back to normal levels, the chances of sustaining this. In the long-run, J.C. Penney and its peers face steep existential challenges.

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..

Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its. J.C. Penney posts steeper-than-expected drop in same-store sales.

DALLAS -J.C. Penney Co. s ninth straight sales drop. Same-store sales were down 11.9%, worse than the 8.3% analysts expected, but better than the 22% decline a year earlier. The second quarter saw.

One of the oldest names in American retail, J.C. Penney has struggled to excite customers with its mid-priced clothing and has steadily lost out to fast-fashion brands an online shopping. 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.

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.

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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.

PLANO, Texas – J.C. Penney Co. Inc. reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from.

One of the oldest names in American retail, J.C. Penney has struggled to excite customers with its mid-priced clothing and has steadily lost out to fast-fashion brands an online shopping. The Plano, Texas-based company said sales at stores open for at least 12 months fell 5.5 percent in the first quarter, marking its sixth straight quarterly drop.

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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.