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

. were mixed, with some chains performing better than expected, and some worse.. JC Penney's earnings came in below Wall Street estimates, while its same-store sales fell 1.3% YoY, slightly steeper than expectations of a 1.2% drop .. The same-store sales increase was driven by a 3.7% bump at its.

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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.

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(Reuters) – 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 its appliance and in-store furniture.

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UPDATE 1-J.C. Penney posts surprise drop in same-store sales, shares slide. Reuters. Nov. 11, 2016, 8:04 AM. joins its closest rivals in reporting a drop in same-store sales in the latest quarter.

 · NEW YORK, N.Y. – Boy, it just wasn’t J.C. Penney’s year. The mid-priced department store chain reported another much larger-than-expected loss in the fisca .. JC Penney posts 4th straight big quarterly loss and sales drop on failing plan to woo shoppers Feb 27, 2013. Post navigation. Previous Canada’s Best Jobs 2019: The Top 100 Jobs.

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J.C. Penney and its competitors have laid off workers and are reducing store counts while beefing up online operations to adapt to the new landscape. J.C. Penney expects to see a bump of 0.6 per cent.

(Reuters) – 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 its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.

(Reuters) – Same-store sales fell more than expected at J.C. Penney. 12 months fell 5.5% in the first quarter, its sixth straight quarterly drop.

J.C. Penney is “a tale of two companies” with the old-style stores facing challenges as the new shops post higher sales per square foot. 20 percent in the first and second quarters. Same-store.

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J.C. Penney sales fall short, net loss doubles; shares sink By Melissa Fares and Uday Sampath Kumar May 21 (Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first.

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