New survey data from Morgan Stanley suggests...
This 1982 JC Penney Christmas catalogue offers a...
JC Penney shares are up more than 10% after...
Buzzword or not, omnichannel is real.
The industry benchmark for the time it takes for a mobile homepage to load is about 10 seconds.
Shares of JCPenney are nearly 4% higher in after-hours trading following the release of favourable November same-store sales numbers, which showed a 10.1% increase from last year. Despite a 4.8% drop in same-store sales in Q3, the company said in its quarterly earnings release on November 20 that it believed […]
Earlier today, J.C. announced that comparable store sales climbed 0.9%, which is good news for a retailer that saw sales fall 25% in 2012. CEO Myron Ullman added that the company’s gross profit margin was hurt by lower clearance margins. And that’s about all they said. “Although JC Penney continues […]
Beleaguered department store chain J.C. Penney just announced that its comparable store sales climbed 0.9% in October. “JCPenney has made significant progress in addressing the challenges it faces, and we believe the Company is on the right track to return to long-term profitable growth,” said CEO Mike Ullman. “We are […]
JCPenney ex-CEO Ron Johnson is lashing out at his critics after more than a year of being beaten up in the press and wholly blamed for the retailer’s spiraling revenue losses. Johnson told Forbes reporter Barbara Thau via email that criticisms of his tenure at JCPenney have been “lacking in […]
Off 6% right now.
In a regulatory filing, hedge fund Perry Capital, once the third largest holder of J.C. Penney stock, revealed that it dumped about half its stake in the company. The fund, with about $US4.8 billion in assets under management, cut its stake from 8.62% of the company down to 3.28%, according […]
J.C. Penney is having a terrible day in the market. Wednesday, Goldman Sachs released a report casting serious doubt on the embattled retailer’s ability to finance itself. Then, Thursday, after the closing bell, the company announced a secondary offering of 84 million shares. Today, the stock is down 14%. The […]
The chatter from some traders on Wall Street is that JC Penney stock is in a beautiful position for a short squeeze, in which investors shorting the stock are forced to cut their losses and exit their trades. Maybe you’re optimistic about JC Penney’s future — maybe you’re not. Regardless, […]
Even if JC Penney is able to raise the $US932 million it’s hoping for in its recent share offering, it still has to have a “historic” holiday season to survive. Why? Because debt. That’s why. Brian Sozzi, CEO & Chief Equities Strategist at Belus Capital Advisors, reminded everyone of this […]
J.C. Penney has begun a public offering of 84 million shares, reports Bloomberg. Shares of the troubled department store chain are down by around 5% following the news. Investors punished the stock on Wednesday after a Goldman Sachs published an extremely bearish report on the company. “In our view, a […]
Cash rules everything.
Shares of J.C. Penney got as high as $US14.39 this morning, up 8.8% from yesterday’s close of $US13,22. Then they fell to as low as $US12.81. And now they’re back above $US14, which means its up by around 6%. Just before 1:00 p.m. ET, CNBC’s David Faber reported that Hayman […]