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4 Regulatory Developments to Follow in 2023
Federal government regulators are taking aggressive stances to protect workers, ensure fair markets, and keep investors informed.
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Vincent Ryan
| January 31, 2023
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Marvin Ellison
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
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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
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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
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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
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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
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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
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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
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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
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