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Tag: progress

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’

J.C. Penney put a positive spin on another tough quarter and even boosted its full-year profit outlook. The embattled department store chain reported that its net loss narrowed to $93 million, or 29 cents per share, in the quarter ended Nov. 3, from $151 million, or 48 cents a share, in the year-ago period. Excluding …

J.C. Penney narrows loss but sales continue to fall; cites turnaround ‘progress’Read More

‘We need even more progress on Walmart.com’

Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart is admitting it still has work to do online. The big-box retailer said Thursday its e-commerce sales were up 41% during the latest quarter, thanks to a strong grocery business. “We’re making progress on many fronts, but we need to do more and move faster, …

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