JC Penney Q2 FY20: revenues $1,459 mn; net loss $398 mn

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JC Penney, a US-centered clothing and residence retailer company, posted lower in its whole revenues to $one,459 million in its next quarter (Q2) for fiscal 2020 that finished on August one, 2020, in contrast to revenues of $2,619 million in the exact period earlier fiscal. Throughout Q2 FY20, company incurred a web decline of $398 million (Q2 FY19: $forty eight million).

 

Marketing, normal and administrative charges have been down to $470 million ($870 million). Functioning decline for the quarter was $153 million in contrast to functioning money of $seventeen million in Q2 FY19. 

 

Income of women’s clothing through the quarter have been down to $271 million ($558 million). Men’s clothing and extras profits dropped to $289 million ($537 million). Women’s extras, such as Sephora documented profits declined to $219 million ($401 million). When, residence phase profits fell to $172 million ($246 million).

Fibre2Fashion Information Desk (JL)

JC Penney,

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