J. C. Penney hinted that the discontinuation of the publishing of Big Book catalogs in November 2009 has been adversely impacting sales. We expect a negative sentiment among investors, following the sales results for the second-quarter 2010 that breached its own guidance.
Moreover, the company's sales of home products have remained sluggish for the last few years. This may weigh upon the company's overall results. However, the Sephora concept inspires confidence but a consistent improvement in the stock has yet to be witnessed.
PENNEY (JC) INC (JCP): Free Stock Analysis Report
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.