JCPenney (JCP) Pleased with Current Turnaround Progress, Sees Positive Comps Trend
Tweet
Share
E-mail
Get Alerts JCP Hot Sheet
Price: $0.18 --0%
Financial Fact:
Cost of goods sold: 2.65B
Today's EPS Names:
ORPB, ONEG, NDLS, More
Financial Fact:
Cost of goods sold: 2.65B
Today's EPS Names:
ORPB, ONEG, NDLS, More
Join SI Premium – FREE
In response to inquiries, JCPenney (NYSE: JCP) said today that it is pleased with its progress thus far in the Company`s turnaround efforts and the traction its initiatives are starting to achieve. Moreover, the Company said it is starting to see greater predictability in its performance across many areas.
The Company continues to be encouraged by improvements in purchase conversion both in store and on jcp.com, primarily due to being back in stock in key items and sizes the customer expects to find at JCPenney. Overall sales on jcp.com continue to trend double digits ahead of last year.
The Company still anticipates it will experience positive comparable store sales trends coming out of the third quarter and throughout the fourth quarter of 2013.
The Company continues to be encouraged by improvements in purchase conversion both in store and on jcp.com, primarily due to being back in stock in key items and sizes the customer expects to find at JCPenney. Overall sales on jcp.com continue to trend double digits ahead of last year.
The Company still anticipates it will experience positive comparable store sales trends coming out of the third quarter and throughout the fourth quarter of 2013.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- C.H. Robinson faces $604M jury verdict in Texas trucking case
- Replimune (REPL) files for 25.1M share offering by selling stockholders
- QVC Group bankruptcy court confirms reorganization plan
Create E-mail Alert Related Categories
Corporate News, Guidance, Hot Corp. News, Hot Guidance, Retail Sales, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
