J. C. Penney Company, Inc. (JCP)
|Net Income (ttm)||-268.01M|
|Trading Day||May 18, 2020|
|Day's Range||0.165 - 0.236|
|52-Week Range||0.140 - 1.260|
A group of shareholders is trying to convince a bankruptcy judge that the company is still solvent, but that's not what the evidence says.
As bidders vie to buy the J.C. Penney retail operations, and perhaps its real estate, one of its attorneys said the company is “in the red zone.
PLANO, Texas--(BUSINESS WIRE)--JCPenney celebrates the back-to-school season with new merchandise and great offers during its Mystery Sale, all while keeping safety a top priority.
The Golden Rule store in Kemmerer Wyoming was the first store that grew into the JCPenney chain. It is now for sale as the company downsizes.
Lenders for J.C. Penney want bidders to raise their offers as they vie for the bankrupt retailer, according to a Bloomberg report.
The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days to sell itself to an alliance of retail mavens and distressed-debt investors.
The company's lawyer reports all three bidders want to keep it as a stand-alone company.
Why are all these companies so interested in a department store chain that most consumers are not?
Bankrupted J.C. Penney is moving forward with a sale that should be completed by this fall, attorney Joshua Sussberg of Kirkland & Ellis said during a court hearing Tuesday afternoon.
JCPenney has several investors who arew bidding for the company. However, management is finalizing an agreement with lenders.
The old-line department store chain's name would disappear.
Sycamore Partners Leads Bid To Acquire Bankrupt JCPenney At $1.75B, Proposes Merger With Belks: Report
Private equity firm Sycamore Partners is leading a bidding war to acquire bankrupt J.C.
The private equity firm that backed out of a deal to buy Victoria’s Secret in the midst of the coronavirus pandemic appears poised to win an auction to buy JCPenny out of bankruptcy, The Post ...
A number of retailers were already teetering on the brink of collapsing prior to the coronavirus pandemic slamming the industry.
J.C. Penney Co Inc said on Monday certain lenders had agreed to accept a business plan on certain conditions as the department-store operator looks to emerge from bankruptcy protection.
JCPenney has survived world wars, the Great Depression, the Great Recession and the rise of both big box and online rivals. But surviving the Covid-19 pandemic is very much in doubt.
All the blame for retail’s current woes doesn’t go to the coronavirus, but it certainly didn’t help brands already saddled with big debt loads.
JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the US department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis. The layoffs...
Shares of bankrupt department store retailer J.C. Penney Co. Inc. soared 16.6% in Wednesday trading after it announced a company restructuring that includes 152 store closures and a headcount ...
J.C. Penney Co Inc said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the U.S. department store chain looks to focus on profitability.
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc.
J.C. Penney confidentially submitted a a business plan to its lenders last week. Now, it has more time to review those plans with its lenders, who will help determine its fate.
JCPenney’s entry into Manhattan signified a new direction for the retailer. Its 2009 grand opening featured celebrity appearances along with a massive citywide marketing campaign.
Stocks like J.C. Penney should serve as a learning lesson and a warning.
The bankrupt department store chain is hemorrhaging sales, threatening its ability to restructure successfully.
J.C.Penney is restructuring and liquidation could also be a possibility. In both scenarios though, common shareholding could be wiped out The post It’s All Doom and Gloom If You’ve Invested in...
JCPenney's financial situation in the months leading up to its bankruptcy filing was much worse than originally thought.
Retailer J.C. Penney failed for bankruptcy in May yet the 118-year-old retailer remains an attractive acquisition target for mall owner Simon Property Group (NYSE: SPG).
Simon Property Group might want to own bankrupt J.C. Penney to be able to redevelop some of its best real estate and make it even better, according to one analyst.
That a number of retailers have filed for Chapter 11 bankruptcy protection and have permanently closed stores in the fallout of Covid-19 pandemic should surprise no one.
The country’s two largest department store chains curiously find themselves in the same place at the same time. Each must find a way to survive…and it's not one size fits all
The fashion world has multiple issues but the single biggest problem is the inability to access credit markets. As business liquidity continues to shrink, the lines outside bankruptcy court ge...
It was another exceptionally awful month for retailers.
Don't waste your time on JCP stock, the firm has very little chance of making it back from the dead The post Avoid JCPenney Stock at All Costs appeared first on InvestorPlace. More From Inve...
The department store's landlords may give it a bailout.
The department store has had some good news, but buyer beware.
JCPenney announced a second wave of store closures and will have a third wave of store closures.
It might not seem that J.C. Penney would be worth buying, but two mall operators may feel differently.
While the coronavirus pandemic has disrupted much of the traditional retail industry in recent months and dampened apparel sales, resulting in a slew of store closures and bankruptcies, there ...
Sitting on approximately $27 billion in cash and enjoying robust economic growth during the COVID-19 pandemic — with second-quarter sales expected to grow more than 27% — Amazon.com Inc (NASDA...
When the novel coronavirus began to spread beyond China in February, it quickly became apparent that the coming economic crisis would claim many companies—large and small—as victims.
As JCPenney gets ready to close around 30% of its stores, the path to survival for JCP stock looks increasingly unlikely.
JCPenny stores closing down during 2020 are expanding to include an additional 13 locations and seven of those are in Michigan.
Once representing a fixture in American popular culture, JCP stock has crumbled into obsolescence. There’s a reason for that, which is why you shouldn’t touch it.
JCPenney will close another 13 stores for good.
The 13 additional J.C. Penney locations facing closures include two in New York and one in California.
Sustainability-minded younger shoppers and bargain-hunting consumers of all ages who are feeling the economic pinch of the COVID-19 pandemic are increasingly giving up new clothes for resale i...
Even with so-called dumb money, JCPenney stock remains an incredibly dumb investment, no matter what the underlying company does. The post You Can Evaluate JCPenney By the Company It Keeps app...
J.C. Penney’s stock has fallen to just 40 cents since the company filed for bankruptcy on 15th May 2020. The company’s business was already in choppy waters with falling revenues, widening los...
As part of its round of 136 store closings in bankruptcy proceedings, the beleaguered retailer is shutting down the nearby store. It’s both sad and a sign of the times
J. C. Penney Company, through its subsidiary J. C. Penney Corporation, Inc., sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings; and provides services, including styling salon, optical, portrait photography, and custom decorating services. As of March 31, 2020, it operated approximately 850 stores in the United States and Puerto Rico. The company also sells its products through its Website, jcpenney.com. The company wa... [Read more...]
Jill Ann Soltau
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In 2019, J. C. Penney's revenue was $11.17 billion, a decrease of -7.09% compared to the previous year's $12.02 billion. Losses were -$268.00 million, 5.10% more than in 2018.