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JCP - J. C. Penney Bulls Were Likely Unhappy For The Holidays
J.C. Penney Company Inc.
Source: Forbes
Several retailers were looking forward to a strong holiday season. J. C. Penney (JCP) bulls may not be so happy after the retailer reported a decline in holiday sales:
J. C. Penney Company, Inc. announced today that its comparable store sales for the combined nine-week period ending Jan. 4, 2020 decreased 7.5 %. Adjusted comparable store sales, which exclude the impact of the Company’s exit from major appliance and in-store furniture categories, decreased 5.3 %.
Retailers generate a sizeable portion of their revenues and earnings during the holiday season. The holidays