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(Adds fourth-quarter outlook, details from conference call; updates shares) By Siddharth Cavale Nov 11 (Reuters) – J.C. Penney, which caters mainly to lower-income shoppers, joins its closest.

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.

(Reuters) – J.C. Penney Co Inc (JCP.N. which offer deep discounts on apparel. Penney, which caters mainly to lower-income shoppers, joins its closest rivals in reporting a drop in same-store sales.

(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) 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 posts steeper-than-expected drop in same-store sales May 21 J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from.

(Reuters) – 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% in early trading. The company said exiting those categories cut comparable sales by 20 basis points.

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

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

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 posts steeper-than-expected drop in same-store sales 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.