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Investors shouldn’t take short sellers lightly. Whatever an investor’s opinion of short sales, short sellers usually. retailers and too many stores meaning some will fall by the wayside, with J.C..
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By Melissa Fares and Uday Sampath Kumar (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 Co. Inc. JCP, +0.87% share sank 8.8% in thursday premarket trading after the retailer reported first-quarter sales that fell and the company cut its earnings guidance. J.C. Penney had.
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Losses at JC Penney double, sales slide, as do shares.. Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.
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J.C. Penney Co Inc warned it could post a loss for the year after sales at established stores increased at a much slower pace than Wall Street had expected, as unusually cool weather in April hit.
J.C. Penney. that Penney is instead "soundly asleep." Penney posted a net loss of $101 million, or 32 cents a share, in the quarter ended Aug. 4, compared with a net loss of $48 million, or 15.
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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.
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J.C. Penney shares soar on stronger than expected sales.. Penney’s net loss nearly doubled to $128 million from $67 million a year earlier, due to the clearance as well as other factors such.
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.
J.C. Penney, struggling through a transition that has caused sales to crater, said its loss for the quarter widened sharply, to $552 million, or $2.51 a share, from $87 million, or 41 cents a year.