(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.

J.C. Penney posts steeper-than-expected drop in same-store sales 5/21/2019 7:09:00 AM – Reuters Nike, Under Armour, among others, urge Trump to remove footwear from tariff list

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.

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.

May 21 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.

. 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.

A number of stores, including J.C. Penney. drop in October, a bigger decline than the 7.2 percent analysts were expecting. Even teens stayed away from malls. American Eagle Outfitters Inc. reported.

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.

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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.

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May 21 (Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its. its sixth straight quarterly drop. Analysts, on average, had expected a 4.21% fall,

Cost-cutting seems to be working for J.C. Penney. But the sales outlook for the rest of the year is not too rosy: Penney’s forecast total sales next quarter will be down in the low-single-digit.

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