JC Penney News
News on JC Penney (Ticker: JCP) continually updated from thousands of sources around the net.
3 hrs ago | Live Charts
The Dow Jones Industrial Average managed to rise 1.25% to finish back above 16,000 - a level not seen since Monday - snapping a five-day losing streak, on hopes that the economic recovery my be solid enough to warrant a reduction in stimulus by the Federal Reserve.
Could you survive the end of civilization?
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10 hrs ago | MarketNewsVideo
This forty-ninth trading week of 2013 comes to a close with investors focusing on the Federal Reserves' next move.
This marks the third such spinoff of an enterprise owned by Sears since 2012. With all of this wheeling and dealing, is it possible that the company is trying to better itself or is it trying to salvage some value by unloading the junk from a sinking ship? Lands' End Lands' End, which was founded in 1963, started off as a sailboat and hardware ... (more)
U.S. stocks ended their longest streak of weekly gains in a decade as data on economic growth and manufacturing stoked concern the Federal Reserve may reduce stimulus soon.
Mike Ullman told assured investors that the company was pleased with turnaround progress the same day the retailer announced that it would be selling $800 million in stock.
One CEO was ousted after a failed retail revival strategy and an activist investor's push.
Stock futures are higher, while gold and Treasuries declined after a better-than-expected report on employment in the United States.
What's more, the stock was placed on the short sale restricted list, causing its put volume to spike to almost three times the average intraday norm.
The struggling retailer disclosed in a regulatory filing late Thursday that it received a letter from the Securities and Exchange Commission in October requesting information on its liquidity, cash position, debt and equity financing, as well as its offering of common stock announced in September.
Spreads on five-year credit default swaps on J.C. Penney have tightened 31% and are currently quoted at 1,149 basis points after reaching a high of 1,665 basis points on Oct. 25, 2013 , according to Fitch Solutions.
Customers line up outside before Thanksgiving Day shopping at JC PenneyThursday, November 28, 2013 in Dallas.
Not often do inflection points come along for turnaround stories, let alone two in the same day.
Retail has become "unfathomable and inconsistent." Express had been performing well, but lost 5 points when management admitted the company did not reach expectations.
Going into earnings, it's only reasonable for investors to ask whether the company looks attractive enough to invest in or whether they would be better off sitting on the sidelines to see what happens.
Its business consists of selling merchandise and services to consumers through its department stores and website.
J.C. Penney Co. headed south on Wednesday after reporting a jump in monthly sales as its campaign to revive its business is likely to face an uphill battle in a difficult retail environment.