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Stock impact report

The Sears Holdings Death Spiral Continued Over the Holidays [The Motley Fool]

JC PENNEY (JCP) 
Last jc penney earnings: 2/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
Company Research Source: The Motley Fool
The retailer just reported another dreadful sales decline for the November-December period -- and hardly any of its cost reductions are falling through to the bottom line. During the past week, numerous retailers have reported strong sales results for the November-December holiday shopping season. Even mall-based department stores saw a rebound in sales, including by a 3.4% comp sales increase at J.C. Penney ( NYSE:JCP ) . However, this retail recovery didn't extend to Sears Holdings   ( NASDAQ:SHLD ) , which posted another ugly sales decline during the critical holiday period. While the company has announced another round of cost-cutting and capital-raising activities, it's becoming increasing clear that Sears is headed for bankruptcy in a year or two. Sales plummet again Back in early November, Sears rolled out a strategy of putting the whole store on sale in advance of Black Friday in order to beat the holiday rush. The company also decided to rely on nost Show less Read more
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