Tuesday, October 17, 2017

Earns JC Penney

In this Wednesday, June 7, 2017, file photo, shoppers walk into a J.C. Penney department store in Hialeah, Fla.

BY JOSEPH PISANI NEW YORK (AP) — Sales at established J.C. Penney stores faded again during its most recent quarter, capping a gloomy week for U.S. retailers. Penney’s stock sunk below $4 Friday morning, an all-time low for the 115-year-old ...
In this Friday, March 17, 2017, file photo, shoppers exit a J.C. Penney store in the Georgia Square Mall in Athens, Ga. J.C. Penney Company Inc. reports earnings, Friday, May 12, 2017. (John Roark/Athens Banner-Herald via AP, File)

PLANO, Texas (AP) — 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 ...