yahoo.com_3 (nprofile…gnh6)
https://media.zenfs.com/en/sourcing_journal_735/706f7e029cc75d009bb354b23f7afedd
https://finance.yahoo.com/news/jcpenney-remains-mark-134949548.html
yahoo.com_3 / Yahoo! News
npub12g…hagp2
2024-12-19 15:13:32
Author Public Key
npub12gl86kmf4x9fcvm5zpvnfjjz4gfjge09lzvhzvf8l77ggdfjj3wqjhagp2Published at
2024-12-19 15:13:32Event JSON
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"JCPenney's parent company, Penney Intermediate Holdings LLC, reported a net loss of $17 million in the third quarter, a significant improvement from the year-ago quarter's net loss of $30 million. The retailer attributed the improvement to new customer acquisition, traffic trend gains, and leveraging celebrity partnerships. Total revenues were down 6.2% to $1.5 billion, but the company's rewards program signups rose by nearly 25% year-over-year. On the merchandising front, JCPenney improved in-stock rates and assortment mix, with strong performance from private label brands Liz Claiborne and Stafford, and national brands Adidas, Carter's, Haggar, Levi's, and Van Heusen."
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