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J C Penney Company Inc (JCP)

JCP on New York Consolidated

9.60USD
28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Paul Brown joins JC Penney board of directors
Wednesday, 21 Sep 2016 04:15pm EDT 

J C Penney Company Inc ::.  Full Article

JC Penney - CEO Marvin Ellison purchases of 50,000 shares in open market
Thursday, 25 Aug 2016 02:07pm EDT 

J C Penney Co : CEO Marvin Ellison reports open market purchase of 50,000 shares of co's common stock on August 25 - sec filing .CEO Marvin Ellison purchased shares in multiple transactions at prices ranging from $9.90 to $9.94.  Full Article

J C Penney Co forecasts 2019 EPS $1.40-$1.55- analyst day
Wednesday, 17 Aug 2016 01:54pm EDT 

J C Penney Company Inc : JCP leverages advantage of existing infrastructure for buy online, ship to store; 1/3 jcp.com orders picked up this way - analyst day . Expect 40% of sales from JCP credit card, expect to drive it to 45-50% by 2019 . Forecasts 2019 EPS $1.40-$1.55, gross margin to grow 75-100 basis points . Value, beauty, special sizes & home are foundation of growth plan to achieve $1.2-$1.7 billion in sales growth over nxt 3 yrs - analyst day . Executive- "at some point we'd like to be a dividend company, buy back shares ...think we are a couple of yrs away from that " Further company coverage: [JCP.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

J C Penney Q2 loss per share $0.05
Friday, 12 Aug 2016 07:30am EDT 

J C Penney Company Inc : Q2 loss per share $0.05 excluding items . Q2 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S . J C Penney reports a 2.2 percent increase in comparable sales for the second quarter 2016 . Q2 loss per share $0.05 . Company reaffirms its 2016 guidance . Fy2016 earnings per share view $-1.20, revenue view $12.62 billion -- Thomson Reuters I/B/E/S . Comparable sales increased 2.2 % for Q2 . For Q2, gross margin was 37.1 % of sales, a 10 basis point improvement compared to same period last year . "for quarter, Sephora, home, and footwear and handbags were company's top performing divisions" . Qtrly total net sales $2.92 billion versus $2.88 billion .Q2 revenue view $2.93 billion -- Thomson Reuters I/B/E/S.  Full Article

Jcpenney appoints Marvin Ellison as chairman
Thursday, 21 Jul 2016 04:15pm EDT 

J C Penney Company Inc : Ellison succeeds Myron E. (Mike) Ullman, III who will be retiring in accordance with transition plan that company outlined in 2014 . Ronald W. Tysoe, who has served on board since 2013, will continue as company's lead independent director .Jcpenney appoints Marvin R. Ellison to succeed Myron E. (mike) ullman, iii as chairman.  Full Article

JCPenney announces successful closing of real estate term loan refinance
Thursday, 23 Jun 2016 04:20pm EDT 

J C Penney Company Inc :JCPenney announces successful closing of real estate term loan refinance.  Full Article

J C Penney CEO at Piper Jaffray Conf - customers limiting discretionary spending due to uncertainty in broad macroeconomy
Wednesday, 15 Jun 2016 11:33am EDT 

J C Penney Company Inc : CEO at Piper Jaffray Conf - customers limiting discretionary spending due to uncertainty in broad macroeconomy . CEO at Piper Jaffray Conf - Memorial Day weekend was positive, feel good about where we are . CEO at Piper Jaffray Conf - "we are not going to repeat mistakes of the past" . CEO at Piper Jaffray Conf - ready to roll out a new mobile app, "that's something we desperately need" . CEO at Piper Jaffray Conf - will have buy online, pick up in store same day rolled out in all stores by end of august . CEO - "there's a major comeptitor out there that's donating share (of appliance market), we'll be in a good position to pick a lot of that" . CEO - a third of customers who purchased appliances are new customers for co Further company coverage: [JCP.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

J C Penney announces pricing of offering of senior secured notes
Thursday, 9 Jun 2016 04:20pm EDT 

J C Penney Company Inc : J C Penney announces pricing of offering of senior secured notes . Notes were priced at 100 pct of face amount for a yield to maturity of 5.875 pct .Priced its private offering of $500 million aggregate principal amount of 5.875 pct senior secured notes due 2023.  Full Article

J C Penney to offer $500 mln of senior secured notes
Thursday, 9 Jun 2016 07:32am EDT 

J C Penney : On june 9, J. C. Penney Corp Inc intends to offer $500 million aggregate principal amount of senior secured notes .To use proceeds, borrowings to repay entire outstanding principal balance of existing $2.25 billion five-year senior secured term loan.  Full Article

J C Penney announces plans to refinance $2.25 bln real estate term loan
Wednesday, 1 Jun 2016 08:00am EDT 

J C Penney Co Inc : Recent business performance has delivered positive comparable store sales quarter to date through memorial day . Senior secured term loan facility is currently set to mature in May 2018 . Company expects to complete refinancing transaction in June .J C Penney announces plans to refinance $2.25 billion real estate term loan.  Full Article

BRIEF-Paul Brown joins JC Penney board of directors

Sept 21 J C Penney Company Inc : Source text for Eikon: Further company coverage: