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J C Penney Company Inc (JCP.N)

JCP.N on New York Stock Exchange

3.39USD
16 Oct 2017
Change (% chg)

$-0.02 (-0.59%)
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$3.41
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Volume
1,360,821
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Latest Key Developments (Source: Significant Developments)

J C Penney Company Inc ‍launches kids brand Frank + Lulu
Tuesday, 22 Aug 2017 08:30am EDT 

Aug 22 (Reuters) - J C Penney Company Inc :J C Penney Company Inc - ‍launch of Frank + Lulu, a new brand of bedding and decor for kids​.  Full Article

Hudson's Bay names Edward Record chief financial officer
Thursday, 17 Aug 2017 05:00pm EDT 

Aug 17 (Reuters) - Hudson's Bay Co -:HBC names Edward Record chief financial officer.Hudson's Bay Co - ‍record succeeds Paul Beesley, who, as previously announced is leaving HBC​.Hudson's Bay Co - ‍ prior to JCP, Record most recently served as executive VP, COO of stage stores, and previously as its chief financial officer​.Hudson's Bay Co - ‍ Record joins HBC after more than three years as chief financial officer for J. C. Penney Company, Inc​.  Full Article

Wonya Lucas joins J.C. Penney board of directors
Thursday, 17 Aug 2017 07:55am EDT 

Aug 17 (Reuters) - J C Penney Company Inc :Wonya Lucas joins J.C. Penney board of directors.J.C. Penney Company Inc - ‍announced election of Wonya Lucas, president and chief executive officer of public broadcasting Atlanta, to its board​.  Full Article

Tiger Global Management takes share stake in J C Penney Inc
Monday, 14 Aug 2017 03:11pm EDT 

Aug 14 (Reuters) - Tiger Global Management :Tiger Global Management takes share stake of 850,000 shares in J C Penney Inc - SEC filing‍​‍​.Tiger Global Management cuts share stake in Dominos Pizza Inc by 31.0 percent to 2.0 million shares - SEC filing‍​.‍Tiger Global Management - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017​.  Full Article

J C Penney appoints ‍Jeffrey Davis as chief financial officer​
Monday, 24 Jul 2017 05:00pm EDT 

July 24 (Reuters) - J C Penney Company Inc ::J C Penney elects Jeffrey Davis as chief financial officer.J C Penney Company Inc - ‍Jeffrey Davis will succeed Andrew Drexler, who has been serving as interim chief financial officer​.J C Penney Company Inc says Davis most recently served as chief financial officer at Darden Restaurants.J C Penney Company Inc - ‍Davis will report to Marvin R. Ellison, chairman and chief executive officer of J C Penney​.  Full Article

J C Penney to ‍open toy shops in all of its brick-and-mortar locations
Thursday, 13 Jul 2017 08:30am EDT 

July 13 (Reuters) - J C Penney Company Inc ::J C Penney Company - ‍opening toy shops in all of its brick-and-mortar locations with a "significantly expanded" assortment available at jcpenney.com​.  Full Article

J C Penney Co says in connection with election as interim CFO, Andrew Drexler will receive one-time cash bonus of $50,000
Monday, 10 Jul 2017 05:22pm EDT 

July 10 (Reuters) - J C Penney Company Inc ::J C Penney Company Inc says in connection with election as interim CFO, Andrew Drexler will receive a one-time cash bonus of $50,000 - sec filing.  Full Article

J C Penney announces departure of chief financial officer
Monday, 10 Jul 2017 04:55pm EDT 

July 10 (Reuters) - J C Penney Company Inc ::J C Penney announces departure of chief financial officer.J C Penney Company - Edward record has informed company of intention to step down from his position as executive vice president, chief financial officer.J C Penney Company Inc - ‍andrew Drexler will assume position of interim chief financial officer along with his current duties​.J C Penney company - record will remain with co in an advisory capacity until aug. 7 to assist with transition while search for replacement is conducted.J C Penney company inc - "continue to expect to report significantly improved top-line results this quarter versus q1".  Full Article

J C Penney reports Q1 loss per share $0.58
Friday, 12 May 2017 07:30am EDT 

May 12 (Reuters) - J C Penney Company Inc : :J C Penney reports first quarter 2017 financial results and reaffirms full year guidance.Q1 loss per share $0.58.Q1 sales $2.7 billion versus I/B/E/S view $2.77 billion.Q1 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S.J C Penney Company Inc - company reaffirmed its 2017 full year guidance..J c Penney Company Inc qtrly total net sales $2,706 million versus $2,811 million.J C Penney Company Inc - comparable store sales were down 3.5pct for quarter.FY earnings per share view $0.46, revenue view $12.33 billion -- Thomson Reuters I/B/E/S.J C Penney Company Inc - "February was a very challenging month for J C Penney and broader retail".J C Penney Company Inc - inventory at end of Q1 2017 was $2.95 billion, an increase of 0.8pct compared to end of Q1 last year.J C Penney Company Inc - for Q1, gross margin was 36.3 pctof sales, an increase of 10 basis points compared to Q1 last year.Qtrly adjusted earnings per share $0.06.J C Penney Company Inc - Q1 gross margin was positively impacted by "improved" selling margins throughout quarter.J C Penney - incurred $220 million, or about $0.71/share restructuring charges in quarter associated with store closing, voluntary early retirement program.  Full Article

J.C. Penney Co announces settlement of class action lawsuit
Friday, 5 May 2017 04:15pm EDT 

May 5 (Reuters) - J C Penney Company Inc :J. C. Penney Company, Inc. announces settlement of class action lawsuit.J C Penney Company Inc - Settlement to be funded by insurance with no financial impact to company.J C Penney Company Inc - Settlement remains subject to final documentation and approval of district court following notice to class members.J C Penney Company Inc - Settlement is worth $97.5 million.J C Penney - Denies allegations in lawsuit, but entering into settlement to eliminate uncertainties, burden, expense of further protracted litigation.J C Penney Company - To settle lawsuit, Alan B. Marcus, individually, on behalf of all others similarly situated, V. J.C. Penney Company, Inc., et.al.  Full Article

BRIEF-J C Penney says to hire over 40,000 associates this holiday season

* J c penney company inc says planning to hire over 40,000 associates this holiday season, comparable to last year‍​ Source text: (http://bit.ly/2waXHz1) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)