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Jan. 9, 2020, 7:43 a.m. EST

J.C. Penney holiday season comparable store sales sink

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By Tonya Garcia

J.C. Penney Co. Inc. /zigman2/quotes/204684963/composite JCP -7.06% stock fell 3.3% in Thursday premarket trading after the struggling retailer said comparable store sales for the nine weeks ending Jan. 4, 2020 fell 7.5%. Adjusted to take into account the department store chain's exit from the appliance and in-store furniture categories, comparable store sales fell 5.3%. Still, J.C. Penney maintained its fiscal 2019 guidance for a comparable store sales decline in the range of 7% to 8%. Adjusted for the aforementioned category exits, the company expects comparable store sales to fall 5% to 6%. Kohl's Corp. /zigman2/quotes/210414114/composite KSS -0.49% and Macy's Inc. /zigman2/quotes/201854387/composite M -2.46% also announced holiday season comparable store sales declines, though not as steep. J.C. Penney stock is down 10.5% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.05% is up nearly 26% for the period.

/zigman2/quotes/204684963/composite
US : U.S.: NYSE
$ 0.72
-0.05 -7.06%
Volume: 8.53M
Feb. 21, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$228.80 million
Rev. per Employee
$126,516
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/zigman2/quotes/210414114/composite
US : U.S.: NYSE
$ 44.55
-0.22 -0.49%
Volume: 2.45M
Feb. 21, 2020 6:30p
P/E Ratio
10.24
Dividend Yield
6.02%
Market Cap
$6.98 billion
Rev. per Employee
$156,814
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 16.23
-0.41 -2.46%
Volume: 8.12M
Feb. 21, 2020 6:30p
P/E Ratio
5.25
Dividend Yield
9.30%
Market Cap
$5.01 billion
Rev. per Employee
$197,992
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/zigman2/quotes/210599714/realtime
US : S&P US
3,337.75
-35.48 -1.05%
Volume: 2.12B
Feb. 21, 2020 5:16p
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