J C Penney Company Inc. (NYSE:JCP) has been in a slump for the past 5 years. The department store found itself caught in the retail apocalypse along side most of its peers as Amazon.com Inc. (NASDAQ:AMZN) transformed the industry …
Traditional brick-and-mortar retailers are being decimated by the onslaught of competition from e-commerce. The weakest among them have already gone bankrupt -- RadioShack, hhgregg, and Sports Authority are just a few examples. And …
J.C. Penney Co. shares tumbled the most since they began trading in 1980, hurt by deeper losses and a sense among investors that department stores are stuck in an intractable slide. The rout followed a warning by the company that a …
PLANO, Texas — Losses at J.C. Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear as bad as many industry analysts had expected, many …
J.C. Penney (JCP)'s stock plunged Friday after the embattled retailer reported weak comparable sales and a massive net loss in the first quarter. Shares of the stock fell as low as $4.48 intraday, the lowest level since 1972, according to …
J. C. Penney Company Inc. (JCP) reported Friday a wider year-over-year net loss for the first quarter, reflecting weak sales in February and higher expenses. Net sales for the quarter were down 3.7 percent, with comparable sales declined 3.5 …
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