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 …
J.C. Penney expects comparable-store sales to grow by 0.6% to 0.8% during the third quarter, thanks to growing appliance sales and e-commerce growth. Unfortunately for investors, the good news ends there. J.C. Penney expects …
JCPenney’s stock plunged more than 17 percent after it slashed its financial forecasts, citing slower-than-expected sales in the crucial back-to-school period. The struggling department store said Friday it got forced into a fire sale to clear …
J.C. Penney Co.'s shares dropped by 25 percent early Friday after the retailer forecast deep losses for the third quarter. Shares of the company's stock, which closed at $3.66 Thursday afternoon, had tumbled to $2.76 by the opening bell …
One of retail's biggest losers was one of last week's biggest winners. Shares of J.C. Penney (NYSE: JCP) soared 33.8% last week, moving sharply higher after posting results that exceeded its earlier guidance. It's a welcome break for …
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