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Five years after filing for bankruptcy, JCPenney is making another major move. The retailer is selling 119 stores across the country, though no closures have been announced.The sale highlights the ...
In its most recent quarter, J.C. Penney's sales fell nearly 8%, to $3.4 billion, from the year-earlier period, while income was $27 million, down from $75 million for the same period a year ago. J ...
J.C. Penney Co. Inc. has named Marc Rosen, a former Levi Strauss and Walmart executive, as chief executive officer, effective Nov. 1. Penney’s also named Stanley Shashoua, chief investment ...
For the fiscal fourth quarter, J.C. Penney reported net income of $192 million, or 61 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.
J.C. Penney Co. Inc. (NYSE: JCP) stock has struggled once again this year, declining 11 percent year-to-date as the company tries to streamline its business and stay competitive in an evolving U.S ...
The mall operators, Brookfield Asset Management and Simon Property Group, are also some of J.C. Penney's primary landlords. The deal is expected to save some 60,000 jobs.
J.C. Penney provides apparel for the whole family. It focuses on lifestyle brands like Adidas and Levi’s, has a very strong infants department, and its a.n.a brand is for young women of any size.
J.C. Penney said Friday in the public filing that the terms of its loan provided a five-business-day grace period to make the payment, which had been due May 7.
Here, J.C. Penney must maintain a level of product quality with its apparel offerings to prevent its customers from potentially defecting for certain clothing items offered by cheap competitors.
J.C. Penney (OTC: JCPN.Q) has struggled with weak sales and profitability for nearly a decade due to a failed makeover attempt and falling mall traffic. The COVID-19 pandemic was the last straw ...
J.C. Penney's stock has been trading below $1.20 for the last several months. Fitch Ratings listed J.C. Penney among its "top loans of concern list" for 2020. J.C. Penney is testing out ways to ...
In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem. They must also be open to embracing Customer Based Corporate Valuation ...
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