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JCPenney “Pleased” with December Sales, Wall Street? Not So Much

In Industry News, Profiles, What's New by Jeff PrineLeave a Comment

Plano, TX—JCPenney reported today that it was “pleased” with its holiday sales performance. However, Wall Street responded to the scant report with a drop in the beleaguered department store’s shares. Following its recent trend toward revealing monthly comparable store sales, JCPenney only released a two-paragraph statement sans figures for its …

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Holiday Pressure: November Comp Sales Disappointing

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had an unintentional effect. Consumers may be lured in by promotions but purchasing isn’t as strong as hoped for. According to several metrics, November comparable store sales were modest—actually decelerating from October increases. …