• J.C. Penney gives gloomy outlook before holidays

    27 days ago - By Reuters

    J.C. Penney Co Inc predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results on Thursday due to heavy discounting aimed at righting the company.
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  • JC Penney withdraws profit guidance, cuts sales outlook

    27 days ago - By My Sanantonio

    PLANO, Texas - Shares of J.C. Penney plunged before the opening bell after the company withdrew profit guidance and lowered its sales expectations for the year.
    Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent. Analysts were calling for a 0.5 percent decline, according to FactSet.
    The numbers were bad even in the context of a company long up against the ropes.
    "To deliver a comparable sales decline of 5.4 percent is poor," wrote Neil Saunders, managing director of GlobalData Retail. "To do it at a time when consumer confidence and spending are...
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  • J.C. Penney close to 'penny stock' status after poor third quarter

    27 days ago - By Reuters

    J.C. Penney Co Inc withdrew its annual earnings forecast on Thursday, adding to nerves about the future of another one of America's best known retail names ahead of the crucial holiday selling season.
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  • JC Penney withdraws profit guidance, cuts sales outlook

    JC Penney withdraws profit guidance, cuts sales outlook

    27 days ago - By The Seattle Times

    PLANO, Texas - Shares of J.C. Penney are plunging after the company withdrew profit guidance and lowered its sales expectations for the year. The company on Thursday reported a loss of $151 million in its third quarter, or 48 cents per shares. Losses, adjusted for one-time gains and costs, were 52 cents per share,...
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  • JC Penney withdraws profit guidance, cuts sales outlook

    27 days ago - By Miami Herald

    Shares of J.C. Penney are plunging after the company withdrew profit guidance and lowered its sales expectations for the year. The company on Thursday reported a loss of $151 million...
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  • J.C. Penney cuts sales forecast after poor third quarter, shares dive

    27 days ago - By Reuters

    J.C. Penney Co Inc cut its forecast for annual sales on Thursday while also withdrawing its outlook for full-year earnings, adding to nerves over the future of another one of America's best known retail names.
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