Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.
Reuters: Business News, Reuters: Business
Tue, 05/21/2019 - 6:41am
Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer exited its appliance and in-store furniture businesses, sending shares down 8% in premarket trading on Tuesday.