Marvin Ellison

Lowe’s Posts Mixed Results, Sees Spring Surge
Financial Performance

Lowe’s Posts Mixed Results, Sees Spring Surge

CEO Marvin Ellison says the retailer's turnaround is progressing, citing "results we are seeing in early spring categories."
By Matthew Heller | February 27, 2019
Read More
Lowe’s Announces Mexico Exit, Q3 Sales Miss
Strategy

Lowe’s Announces Mexico Exit, Q3 Sales Miss

While Lowe's is streamlining its business, it "still has to address its status as a second-fiddle retailer."
By Matthew Heller | November 26, 2018
Read More
J.C. Penney Shares Dive on Q4 Sales Miss
Financial Performance

J.C. Penney Shares Dive on Q4 Sales Miss

The retailer's results were sharply lower than rivals Macy's and Kohl's, and a downbeat full-year profit forecast added to investors' concerns.
By Matthew Heller | March 2, 2018
Read More
Sales Rebound Drives JC Penney Stock up 14%
Financial Performance

Sales Rebound Drives JC Penney Stock up 14%

Penney's surprising 1.7% gain in same-store sales indicates its "strategy of purging excess inventory and closing underperforming stores" is paying off.
By Matthew Heller | November 10, 2017
Read More
JC Penney Stock Dives 14% on Q3 Loss Warning
Financial Performance

JC Penney Stock Dives 14% on Q3 Loss Warning

The struggling retailer now projects a loss of between 40 cents to 45 cents a share due to clearance of apparel inventory.
By Matthew Heller | October 27, 2017
Read More
Q2 Earnings Send JC Penney Stock to New Low
Financial Performance

Q2 Earnings Send JC Penney Stock to New Low

The retailer's loss widens to $62 million but CEO Marvin Ellison sees the 1.5% increase in sales and the improved performance of apparel as positive signs.
By Matthew Heller | August 11, 2017
Read More
J.C. Penney Suffers Same-Store Sales Setback
Turnarounds

J.C. Penney Suffers Same-Store Sales Setback

The 0.8% drop in Q3 follows a 6.4% jump a year ago but the retailer is confident its new appliance departments will improve sales during the holiday season.
By Matthew Heller | November 11, 2016
Read More
J.C. Penney Keeps Up Same-Store Sales Growth
Turnarounds

J.C. Penney Keeps Up Same-Store Sales Growth

The retailer's stock rose 6% as it also narrowed its second-quarter loss and beat earnings forecasts for the sixth straight quarter.
By Matthew Heller | August 12, 2016
Read More