Subscribe Register Login

Friday, April 18, 2014, 8:20 a.m.
Top Picks - Mobile App

J.C. Penney reports hefty 3rd-quarter loss

By The Associated Press

This article was published November 9, 2012 at 11:09 a.m.

— J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales.

The chain said Friday that it lost 56 cents per share, or $123 million in the quarter that ended Oct. 27.

That compares with a loss of $143 million, or 67 cents per share, in the year-ago period. Revenue dropped 26.6 percent to $2.93 billion.

Friday’s report marks the third consecutive quarter of losses and steep sales declines since J.C. Penney stopped the hundreds of sales it offered each year and instead cut prices permanently throughout the stores.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: J.C. Penney reports hefty 3rd-quarter loss

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

arky12 says... November 9, 2012 at 12:30 p.m.

I;m not surprised. I am a long time customer of JCP and in the past several years have noticed a decline in the quality of clothing offered at the store. I used to be able to find really nice stuff at reasonable prices at the store, but this was when we were still making quality clothing in the U.S. These days, it's difficult to find anything that is not made in China, India, etc. from chain stores. One would think with cheap labor that costs to consumers would decrease, but not so. Seems it just lines the pockets of the corporations and fails to trickle down to the rest of us despite what we've been lead to believe since the Reagan Presidency. Apparently, once it get's to the top it stays there.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • It project manager

    The Office of Information Systems is seeking candidates for ...
    RUSSELLVILLE, AR

  • Coach

    licensed teacher/head basketball coach- Pine Bluff School Di...
    LITTLE ROCK, AR

  • K-12 counselor

    The Highland School District is taking applications for a . ...
    HARDY, AR

  • Tree climber

    tree climbers exp. w/clean MVR needed. Top pay based on exp....
    LITTLE ROCK, AR

  • Lpn

    ARcare is accepting applications for an position in Mayflow...
    LITTLE ROCK, AR

Search 738 jobs >

Top Picks - Mobile App
Arkansas Online