J.C. Penney (NYSE: J.C.P) shares recently plunged to an all-time low after the department store chain slashed its third-quarter outlook ahead of its earnings report due on Nov. 10. The retailer now expects to report an adjusted loss of $0.40 …
It is safe to say that J C Penney Company Inc (NYSE:JCP), along with the rest of the department store sector, has had a tough run. Once a darling of ever-expanding American commerce, JCP stock once traded north of $80. But that was …
JCPenney slashed third-quarter profit forecasts amid an effort to liquidate less-popular products from its stores. The lowered guidance spurred a stock price plunge that reached as much as 25%. JCPenney just keeps sliding into the …
J C Penney Company Inc (NYSE: JCP) stock crashed more than 17 percent Friday to its lowest level since the 1980s after the company issued deep cuts to its 2017 guidance ahead of the critical holiday shopping season. The latest cut …
Now, as retailers scramble to beef up their online presence and create shopping ‘experiences’ that will draw in foot traffic, investors have to choose wisely if they’re going to take a chance on the beaten down sector. JCP stock is down more …
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 …
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 …
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 …
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 …