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

J.C. Penney posts steeper-than-expected drop in same-store sales 05/21/2019 (Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending its shares down 10% in early trading.

J.C. Penney Co. Inc. said on Friday that sales at its stores open at least a year had fallen 1.8 per cent in the holiday quarter, contributing to a sharp drop in its gross profit. a holiday-quarter.

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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(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.

The company forecast a sharper-than-expected drop in quarterly. ago quarter, but J.C. Penney said it expects to post significantly lower sales of approximately $2.64 billion, representing a 16.

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.

(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending its shares down 10% in early trading.

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.

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. Analysts’ on average h

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J.C. same-store sales and better revenue will be tailwinds for Penney’s bottom-line performance in the fourth quarter. Additionally, the fact that Penney is focusing more on the growth of its.