JCPenney sees gains in new customer acquisition and traffic trends, but sales are down and it is still posting losses.

J.C. Penney’s Q3 net sales fell 8% to $1.4 billion, according to financial filings Monday. With credit card income up nearly 33%, total revenue fell 6.2% to $1.5 billion. Gross margin was essentially ...

The stock is soaring on the news. JCPenney was last trading up about 6% in the after-hours session. Earlier this month, the struggling retailer said that its CEO Ron Johnson had stepped down ...

there can still be plenty of situations where employees cannot find the item or it is actually out of stock,” she said. “That is the next place where it can go wrong.” JCPenney’s wining ...