J.C. Penney misses sales mark and expects full-year decline, shares volatile [USA TODAY]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: USA TODAY
CLOSE Walmart’s US chief says customers want both online and hands on store experiences this holiday shopping season. Some smaller retailers are embracing the same strategy. (Nov. 15) AP J.C. Penney stores will open at 2 p.m. Thanksgiving this year. (Photo: Mary Altaffer, AP) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE J.C. Penney expects its struggles to continue through the holiday season as the department store chain forecast store sales declines for the full year. Total sales fell 5.8 percent during the three-month period that ended Nov. 3, as the retailer marked down merchandise to clear out excess inventory, the company said Thursday. Sales of $2.65 billion during the third quarter, compared to $2.8 billion a year ago, fell short of the $2.8 billion expected by analysts polled by S&P Global Market Intelligence. J.C. Penney saw its net loss grow to $150 million, compared to a net loss of $128 million in the same peri
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