J.C. Penney Holiday Comps Decline, To Evaluate Store Portfolio

In a preliminary update on the holiday season, J.C. Penney revealed that its comparable store sales declined. The department store retailer also said it would close three stores and signaled that more store closings could be on the way as it reviews its strategies and store portfolio.

Conn’s Improves Q3 Earnings

Profits improved for Conn’s in the third quarter ended October 31, as the company posted net income of $14.6 million, or 45 cents per diluted share, versus $1.6 million, or five cents per diluted share, in the year-earlier period.

Kroger Evolution Impacts Q3

In a third quarter impacted by the sale of Kroger’s convenience store division and acquisition of Home Chef, along with its investments in growth initiatives, the supermarket retailer reported a drop in net earnings.  

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