J C Penney Company Inc (JCP.N)
20 Jan 2017
CHICAGO U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
CHICAGO, Jan 20 U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
J.C. Penney Co Inc reported a decline in same-store sales for November and December, the latest department store chain to reflect the malaise in the sector as shoppers increasingly eschew brick-and-mortar stores and shop online.
Nov 11 J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price retailers and a general shift away from spending on apparel.
* Says no intention of discontinuing relationship with welspun, offering refund on certain Royal Velvet items made by Welspun
* Beginning Oct. 5, will offer refund on Royal Velvet Egyptian Cotton Towels or Royal Velvet Egyptian Cotton Damask Stripe Comforter Set Source text for Eikon: Further company coverage:
Sept 21 J C Penney Company Inc : Source text for Eikon: Further company coverage:
Along with the perennial run on leggings, students returning to America's classrooms this year are making a beeline for retro sneakers, "cold-shoulder" tops, versatile laptops and USB drives.
* CEO Marvin Ellison reports open market purchase of 50,000 shares of co's common stock on August 25 - sec filing
* JCP leverages advantage of existing infrastructure for buy online, ship to store; 1/3 jcp.com orders picked up this way - analyst day