Jump to Navigation
Home

Main menu

  • Home
  • Latest Stories
  • Markets Map
  • Trends and Sentiments
  • Leading Topics
  • News Search
  • Comments and Analysis

Secondary menu

  • Latest News
  • Top Rated
  • Most Popular
  • Archive
  • About Us
  • NewsWatch: The stock market is freaking out up about the...
  • Shell’s Profits Soar From Strong Asian Demand
  • Why China’s Shale Boom Is Struggling
  • Ford tells WPP it will take bids from other ad agencies
  • For The First Time Ever, Millennials With Student Debt...
  • This $400 Kickstarter cooler is the best one I've...
  • Tesla Vs. Waymo: Why A Data Strategy Makes The Difference
  • ADPVoice: Here's How People Analytics Makes HR A...
  • Trump Is Getting Angrier...
  • Therese Poletti's Tech Tales: Can Facebook, Apple...

    Penney has 1Q loss as new pricing repels shoppers

    Tue, 05/15/2012 - 18:00 EDT - Yahoo! Business News
    • YahooBizNews

    FILE - This July 31, 2009 file photo shows the main entrance of a J.C. Penney store in the Manhattan Mall in New York. J.C. Penney Co. is expected to report its earnings late Tuesday, May 15, 2012. (AP Photo/Mary Altaffer, File)Turns out, American shoppers don't prefer predictable pricing over blockbuster bargains — at least not yet.

    • Original article
    • Login to post comments
     

    Related

    • J.C. Penney Reports Hefty 3Q Loss

      NEW YORK — J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing. Friday’s report marks the third consecutive quarter of losses and steep sales declines since the mid-priced department store chain get rid of hundreds of sales it used to offer each year and instead cut prices permanently about 40 percent throughout the store.

    • J.C. Penney reports hefty loss

      J.C. Penney Co.

    • Penney reports 4Q loss dragged down by charges

      J.C. Penney Co. reported a loss of $87 million in the fourth-quarter due in part to costs related to its bold new pricing strategy that involves ditching blockbuster sales for everyday low prices.In recent ...

    • Country by Country Per Capita Retail Space Comparison; Lowe's Takes 44% Earnings Hit on Store Closings; JC Penny Reports 3rd Quarter Loss; Retail Store Closing Roundup

      Lowe's reported a 44% decline in store profits today and blamed store closings. What are other retailers doing? First consider Store Closings Slam Lowe's Profit Lowe's Cos.' fiscal-third-quarter earnings fell 44% as store-closing charges masked the home-improvement retailer's slightly improved same-store sales.

    • J.C. Penney's 2Q narrows loss on sales gain, lower costs

    • Penney reports 2Q loss

      PLANO, Texas (AP) — J.C. Penney Co. (JCP) on Friday reported a loss of $138 million in its fiscal second quarter.

    • US shoppers go in for the kill on 'Black Friday'

      Leesburg (United States) (AFP) - The traditionalists don't like it, but the "Black Friday" shopping frenzy is as much a part of the Thanksgiving holiday in the United States as turkey and pumpkin pie. And it's only Thursday.

    • Will J.C. Penney Finally Get Its Sales Growing Again This Quarter?

      Summary Distressed retailer J. C. Penney is expected to post its ninth straight quarterly loss.This quarter the buy-side as represented by the Estimize.com community is expecting J. C. Penney to lose less money than Wall Street is forecasting and to bring in more revenue.On Thursday contributing analysts on the Estimize.com platform expect J. C. Penney to beat Wall Street's loss expectation by 13c per share and for revenue to grow by 5% on a year over year basis.

    • J.C. Penney: A Multi-Bagger Contrarian Turnaround Investment

      By Achilles Research:Bill Ackman took about a $400 million loss on J.C. Penney (JCP), a retail investment that didn't quite work out for him as intended. His hedge fund has given up on bringing change to the board and the company buy selling its stake to Citigroup for $500 million. Ackman's J.C.

    • J.C. Penney's shares in free-fall after 1Q loss

    Latest

    Trump Is Getting Angrier...
    Trump Is Getting Angrier...
    IMF Says Trade Tensions, Debt Load Threaten World Economy
    IMF Says Trade Tensions, Debt Load Threaten World...

    Markets Map

    Markets Map

    Follow Us

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS
    S&P 500: 2579.37 0.16% FTSE: 7487.96 -0.07% Nikk.: 22420.08 1.82% DAX: 13465.51 1.75% HSI: 28594.06 1.22% FX: EUR/GBP: 1.1401 USD/EUR: 1.1618 JPY/USD: 114.1510 Commodities: Gold: 1276.1000

    Bullfax.com - Market News & Analysis 2008-2011
    Contact Us | About Us | Terms & Conditions

    Follow Us on Facebook, Twitter, Google Plus and RSS LinkedIn Facebook Twitter Google Plus RSS .

    Secondary menu

    • Latest News
    • Top Rated
    • Most Popular
    • Archive
    • About Us