J. C. Penney Q1 net sales cut in halfChristian Fernsby ▼ | July 1, 2020
J. C. Penney reported that for the three months ended May 2, 2020 net sales declined to $1.08 billion from $2.44 billion.
J. C. Penney Net sales declined to $1.08 billion from $2.44 billion
Topics: J. C. Penney
For the month ended June 6, 2020, net sales declined year-on-year to $266 million from $1.00 billion. Also, the company cautioned not to rely upon the May 2020 monthly information.
On May 20, 2020, NYSE Regulation, Inc. filed a Form 25 with the SEC to delist J. C. Penney Company, Inc.'s common stock from the New York Stock Exchange. The deregistration will be effective 90 days, or such shorter period as the SEC may determine, after filing of the Form 25. ■