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

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(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.

For the third quarter, Penney expects same-store sales to decline anywhere between 5 percent to 7 percent and total sales to drop between 3 percent and 5 percent. For the full year, J.C. Penney said.

TheStreet looks at three of the most important numbers from J.C. Penney’s fourth quarter. 1. Same-store sales increase of 4.1%. Despite being up against a tough year-ago comparison to when same-store.

J.C. Penney Co. on Thursday took a swipe at a New York Post report and. improvements in same-store-sales trends for the rest of the year. She cut her second-quarter same-store-sales estimate to a.

May 21 (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.

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.

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

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PLANO, Texas – 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 percent in early trading. The company said exiting those categories cut comparable sales by 20 basis points.

(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.

(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.

Francis was lured away from Target (TGT) less than a year ago by CEO Ron Johnson and had been in charge of marketing for J.C. Penney. While management tried to portray an upbeat tone at its live.