Jcpenney stocks stock market
1 Big Reason I Just Bought More J.C. Penney Stock -- The Motley Fool
Before Friday's market open, J. Same-store sales declined 3. Penney affirmed its outlook for , expecting earnings of 40 cents to 65 cents a share and comparable store sales to either fall or gain 1 percent.
On a company earnings call, J. Penney CEO Marvin Ellison said despite seeing "a challenging apparel business," growth was driven by categories including activewear, touting "one of the hottest brands" Adidas ADDYY , and appliances. On the call, J.
Penney CFO Ed Record said the north eastern U. Penney is "committed" to working to reduce inventory by 5 percent by the end of At the end of the first quarter, inventory was up 0. Said Piper Jaffray analyst Erinn Murphy, "While we wholeheartedly agree with the strategic actions underway, we remain worried that structural factors have more influence at the end of the day. The news comes after on Thursday , both Macy's M and Kohl's KSS reported weak quarterly reports, only adding to concerns that the outlook for retailers is grim.
Penney, Macy's and the dying Sears Holdings Corp.
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On the call, Record said J. Penney is also in the process of closing a distribution center. The liquidation process begins May Stocks could face a tough summer if decennial pattern holds true. Jim Cramer talks with IBM's Ginni Rometty about reinventing her company and the future of IT.
Jim Cramer focuses in on AK Steel Holdings, Cara Therapeutics, Nucor, and Smart and Final Stores. The real exaggeration, says Jim Cramer, may be the influence of the bond market. But you can't ignore bonds, either.
JCP : Summary for J.C. Penney Company, Inc. Holdi - Yahoo Finance
Penney crashed as much as More retail news on TheStreet: More Stores Could Report Sluggish Sales Today Cramer: Nordstrom Illustrates How Amazon Is Killing Even the Best of the Best Adidas Slides After CEO Rejects Calls to Offload Reebok The Secret Is Out: You Spend More on Mom Than Dad Office Depot's Former CEO Says Retailers Are Stuck in the s, and They Must Do This to Survive ","isFirstPage": Penney's Stock Is Getting Crushed - Here's What Went Down","contentType": Penney Is Yet Another Retailer That Got Pummeled In the First Quarter","videoStoryId": Penney Is Yet Another Retailer That Got Pummeled In the First Quarter","url": Action Alerts PLUS is a registered trademark of TheStreet, Inc.
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Find the product that's right for you. Penney's Stock Is Getting Crushed - Here's What Went Down Lindsay Rittenhouse.
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