Monday, August 21, 2017

J. C. 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 Wednesday, April 26, 2017, photo, window shoppers look into a store on Miami Beach, Florida's Lincoln Road. (AP Photo/Wilfredo Lee)

BY CHRISTOPHER S. RUGABER WASHINGTON (AP) — Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. The Commerce Department said Friday that retail sales increased 0.4 percent in ...
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 ...
This Tuesday, April 9, 2013, file photo shows a J.C. Penney store in New York. J.C. Penney reports earnings Friday, Nov. 11, 2016. (AP Photo/Mark Lennihan, File)

BY Anne D’Innocenzio Shares of J.C. Penney slumped Friday after the department store chain wrestled with sluggish sales, particularly in apparel. Shares fell more than 8 percent in premarket trading. The report is a setback for Penney, whose business like ...
In this Feb. 19, 2015, file photo, shoppers visit a J.C. Penney store in New York.

PLANO, Texas (AP) — J.C. Penny reported stronger-than-expected sales for the third-quarter, but the department store operator’s failure to raise its forecast for the year appeared to add to worries that upcoming holiday shopping season could turn out to be ...
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