J.C Penney and Kohl’s struggle in fiscal 1st quarter

Kohl’s reported a 3.5% increase in total revenue in the fiscal first quarter on a 3.6% rise in same-store sales. Macy’s reported similar gains, with revenues 3.6% higher on a 3.9% gain in comps. J.C..

Compounding these worries, Macy’s and Kohl’s both projected in November that sales growth would slow somewhat this quarter, compared to the first three quarters of fiscal 2018. And J.C. Penney’s new.

Kids Clothing Haul (Marshalls, Kohl's, Jc Penney) July 11 (Reuters) – Ratings agency Standard & Poor’s downgraded J.C. Penney Co. Earlier this year, Penney eliminated coupons and most sales events, resulting in an 18.9 percent decline in.

The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous reinvention

Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.

NEW YORK – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year.

The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year. Penney,

J.C. Penney is struggling to become profitable. Closing stores and laying off employees is only pimping financial metrics. market with many competitors such as Wal-Mart (NYSE:WMT), Kohl’s (NYSE:KSS.

The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first-quarter results that showed they struggled at the start of the year.

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Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.

NEW YORK (AP) – The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of.

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