Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

3XSQ: Quarterly sales at Penney plummet

Friday, Nov 09, 2012 - 04:27

Nov 9 - J.C. Penney reported a much worse-than-expected decline in quarterly sales at stores open at least a year, after it got rid of most coupons and sales earlier this year.

▲ Hide Transcript

View Transcript

Ahead this can't act pennies and then. Speaking your neck out. Later in the shadow. Welcome this because this Friday from Reuters are headquartered in New York Ryan Johnson turnaround plan at JC Penney. Going exactly as planned. The former head of the apple stores attempt to wean shoppers off of coupons is still hurting the business in any major way. -- -- did hit minus 26 point 1% the decline in quarterly same store sales -- the retailer the company also posting a quarterly loss. Analysts say Johnson have to be more promotional if you want to do better over the holidays. He process of turning the stores into a collection of boutiques. Early results have been promising but the transformations have taken place at -- few -- at this point impact the overall results. JC Penney shares on sale trading near their 2012 low of 1906. Reached in July. Better news over at the magic kingdom and -- Disney's quarterly profit met expectations. Credit where visitors to its theme park and it's sports powerhouse ESPN. Which muscled higher rates at a cable operators while cutting marketing costs. The network advertising income shaky at most media outlets fell as well. Operating income at Disney's film studio also down by 32%. Blame the animated film grave at least in part at the box office earnings fell shy of last year's blockbuster cars to. Disney shares dropped nearly 5% premarket trading to 4736. There now what about 4680. Our power player of the day trying to -- ahead in mobile. It's Priceline CEO Jeff Boyd the head of the online travel business engineering purchase of -- travel site kayak. Is citing -- leading position in mobile applications as part of the reason for the one point eight billion dollar deal. -- apple operate independently. No word on whether it's on price. The purchase price works out to forty bucks a share nearly 30% premium to its Thursday close. Germany fearing France's heading upstream without a paddle. Our Nigel Stephenson joins us from London Nigel agrees fear is okay Spain is okay for. Yes. This is the new up for -- and he's the F normally we rather rudely referred to that takes. Portugal Italy Greece and Spain -- talking about countries and economic trouble but they -- sources tell us. Exactly that the German finance minister -- actually that has cost the so called weissman of Germany to produced a report on France such as his concerns about Europe's second largest economy except. All right Nigel Ellison also about this religious leader over there who's got something of a hidden past. Yes Justin wealthy has unveiled as the 105 archbishop of cuts rates today are drug meteoric rise to the Church of -- hierarchy. Until 1987 he was an oil executive fest with the French giant -- I content and then with enterprise well in London. Well being trained as a priest off the deputies in front door -- -- car -- is likely to come under intense pressure to prevent the Anglican church tearing itself apart. About women bishops and gay rights. Its predecessor -- Williams says he'll need the constitution of an aux and a scale never rhinoceros. But it's experience it's tough negotiation and deal making in the oil business should stop him and -- that -- While adjusting OK not so thank you so much. And actually speaking about animals and finally given our current weather woes here in New York you think you'd see animals traveling to -- two. Well not Australia where this loaned her -- travel solo by truck not art. To her new home in Sydney zoo. The draft name -- Toto was quite a -- on highways and main streets as she was transported from the western plains zoo is Sydney Toronto zoo. The reason for her move she had outgrown her enclosure and needed -- and of course. That's the latest -- times where this Friday you can follow us on Twitter at latest insider and check out our latest ET channel at Reuters dot com slash GP. I'm Lisa Bernhard this is.

3XSQ: Quarterly sales at Penney plummet

Friday, Nov 09, 2012 - 04:27

Top News »

Money »

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)