J. C. Penney Company, Inc. reported sales results. At stores opened at least a year dropped 7.5% for the November and December period. Adjusted results, including the impact of the chain's exit from major appliances and furniture at its stores, decreased 5.3%. Kohl's posted a 0.2% decline. At L Brands, the figure dropped 3%.

The company updated fourth-quarter ended February 2, 2020 profit outlook. it expects to report earnings per share of $1.85. It had previously said that it would earn $2 per share in the quarter.