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The Adventure of Silver Blaze, by Sir Arthur Conan Doyle For some super-sleuth analysts, J.C. Penney’s (NYSE:JCP) November same-store sales report was akin to the. witnessed a 0.9% increase in.

J.C. Penney, Kohl’s: Plunge after same-store sales disappoint J.C. Penney posts worse-than-expected drop in same-store sales Kohl’s cuts profit forecast after weak first quarter, shares fall 10%

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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.

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.

J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price retailers and a.

J.C. Penney posts worse-than-expected drop in same-store sales, share drop, by 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.

J.C. Penney Posts Worse-Than-Expected Drop in Sales As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping. Share Comment

J.C. Penney said that it will shut down more than a hundred underperforming stores in the coming months, which obviously is going to affect the retailer’s full year comparable store sales results.

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