Winter

JC Penney is tumbling as guidance disappoints and cold weather weighs on sales

3 days ago   |   By Business Insider

J CPenney reported disappointing first-quarter results ahead of Thursday's opening bell.
The company blamed cooler temperatures for its sales miss.
Shares fell more than 14% in pre-market trading.
Watch J.C. Penney trade in real-time here.
JCPenney plunged more than 14% in pre-market trading Thursday after reporting first-quarter earnings and guidance that missed Wall Street estimates.
The longer winter and late start to spring weighed on customer traffic. JCPenney reported comparable sales of 0.2%, missing the 2.1% estimate from analysts surveyed by Bloomberg. Revenue came in below...
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Walmart beats as online sales surge

Walmart beats as online sales surge

3 days ago   |   By Business Insider

Jim Anderson/AP Photos
Walmart beat on both the top and bottom lines.
Online sales surged by 33% versus a year ago.
Cool April weather negatively impacted merchandise sales and traffic.
Watch Walmart trade in real time here .
Walmart on Thursday reported first-quarter earnings and sales that topped analysts' expectations, boosted by strong online sales.
America's largest brick-and-mortar retailer said e-commerce sales surged by 33% compared with the same period last year. Online sales were up 23% year-over-year in the fourth quarter. See the rest of the story at Business Insider NOW WATCH...
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Walmart beats as online sales surge, but comp sales miss

Walmart beats as online sales surge, but comp sales miss

3 days ago   |   By Business Insider

Jim Anderson/AP Photos
Walmart on Thursday reported first-quarter earnings and sales that topped analysts' expectations, boosted by strong online sales.
America's largest brick-and-mortar retailer said e-commerce sales surged by 33% compared with the same period last year. It was up 23% in the fourth quarter. See the rest of the story at Business Insider NOW WATCH: Why you should never release your pet goldfish into the wild See Also: The death of Queen Elizabeth will be the most disruptive event in Britain in the last 70 years How to dress your best in any work environment, from a casual...
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