J. C. Penney Company, Inc. (JCPNQ)
|Net Income (ttm)||-1.29B|
|Trading Day||Jan 7, 2021|
|Day's Range||0.1450 - 0.1490|
|52-Week Range||0.02 - 0.57|
The transaction, according to a regulatory filing with the Securities and Exchange Commission, states that PropCo's 160 stores and the six distribution centers were sold to the first lien lend...
In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem.
With four CEOs come and gone over the past ten years, the retailer has lost valuable time to fix its problems, jeopardizing the chances for its next president
PLANO, Texas--(BUSINESS WIRE)--JCPenney's Xersion activewear line has been redesigned from the inside out.
JCPenney is starting the new year with a post-Chapter 11 restart, new owners, new financing and soon will have a new CEO. But the old problems that have faced Penney and other mall-based depar...
The retailer is appointing an interim CEO and creating a temporary group management arrangement.
J.C. Penney, now 118 years old, has, or had, a CEO who made it barely two years in the job.
J.C. Penney Co. Chief Executive Jill Soltau has been replaced by the beleaguered retailer's new owners.
The 118-year-old retail giant's new owners, Brookfield Partners and Simon Property Group, announced that they are looking for someone "focused on modern retail, the consumer experience, and th...
With Jill Soltau's exit this week, the search — not to mention the speculation — starts for her successor at one of the most high-profile, if less than appealing, jobs in retailing
Jill Soltau was hired to save JCPenney. Two years later, her company was sold out of bankruptcy and she's been shown the exit.
JCPenney said on Wednesday new owners Simon Property Group and Brookfield Asset Management have begun a search for a new chief executive officer to replace Jill Soltau. Soltau, who joined the ...
J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company at the end of the month.
(Reuters) -Department store chain J.C. Penney Co Inc said on Wednesday new owners Simon Property Group and Brookfield Asset Management Inc have begun a search for a new chief executive officer...
PLANO, Texas--(BUSINESS WIRE)--JCPenney's new ownership group has launched a search for a Chief Executive Officer to replace Jill Soltau.
2020 was a volatile year. While some businesses had big growth, many others experienced a brutal reality.
Malls have been hit hard by COVID-19. With vaccines, there's light at the end of the tunnel.
Can its new mall owners make a viable business out of a bankrupt retailer?
Under new ownership and no longer a public company, JCPenney officially vacated its once-celebrated Plano, Texas corporate campus on Thursday.
JCPenney is a private company. Simon and Brookfield are the owners.
JCPenney exited bankruptcy just in time for the holiday shopping crunch — in an unusual deal that leaves a downsized department-store chain privately owned by its biggest landlords. The 118-ye...
J.C. Penney Co Inc said on Monday its retail and operating assets would exit Chapter 11 as two of its biggest landlords, Simon Property Group and Brookfield Asset Management Inc, have acquired...
PLANO, Texas--(BUSINESS WIRE)--JCPenney's retail and operating assets to exit Chapter 11 as the Company continues to serve customers under the JCPenney banner.
The restructuring of failed retailer J.C. Penney is over, for now.
JCPenney has survived to see it's 119th holiday shopping season. How many more it has ahead of it is tough to say.
JCPenney's store operation is now owned by Simon, Brookfield and ABG. However problems of PropCos.
PLANO, Texas--(BUSINESS WIRE)--JCPenney's restructuring plan creates PropCos confirmed by court, to be owned and operated by DIP and First Lien Lenders.
The legacy department store, under new ownership, quietly moved out of its Plano, TX offices sometime over the past few weeks, signaling yet another break with the past.
The pandemic has shaken up shopping altogether, with some retail stocks becoming overpriced and some becoming real bargains. Buyers beware.
JCPenney Ramps Up Black Friday Deals This Week with Early Offers and Gift Inspiration on the Hottest Merchandise
PLANO, Texas--(BUSINESS WIRE)--JCPenney continues to offer amazing savings on incredible deals all season while rolling out New and Wow! brands and products to customers.
Why Simon Property Group And Brookfield Property, #1 And #2 Mall Landlords, Bought J. C. Penney And Other Collapsed Retailers Out Of Bankruptcy
Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy i...
Earlier this week Simon Property Group, Brookfield Property and First Lien Lenders received court approval for an asset purchase agreement with JCPenney. A court confirmation is scheduled for ...
J.C. Penney Co. Inc. said Thursday that it has launched a new women's brand, Stylus, that offers comfortable clothing, like jumpsuits and tees, in sizes ranging from XS to 3X. Items are availa...
All-New Styleisure™ Brand at JCPenney Promotes Equal Parts Style and Comfort as Company Continues to Innovate Ahead of the Holiday Season
PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced an additional installment of their New and Wow! brands with the introduction of Stylus™ apparel brand.
JCPenney's retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.
J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a US bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its prima...
A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleagu...
America's two largest mall owners are on track to take control of the bankrupt department store giant's retail operations within weeks.
JCPenney signed asset purchase agreement with Simon Property Group and Brookfield Asset Management as well as with a majority of First Lien Lenders. Company prepared to exit Chapter XI proceed...
J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc , Simon Property Group and a majority of the company's first lien lenders.
JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future
PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced that it has entered into an asset purchase agreement with Brookfield, Simon and First Lien Lenders.
The struggling retailer is one step closer to selling its retail business to the two biggest U.S. mall owners.
JCPenney is on track to sell to Simon and Brookfield and plans to exit bankruptcy in December 2020.
That assumes that the judge approves the retailer's sale.
JCPenney is getting rescued from bankruptcy in a plan that stands to worsen its workers' nest eggs. The century-old department store's soon-to-be new owners said they don't plan to take contro...
JC Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old retailer s...
The bankruptcy process has added uncertainty as the legacy retailer prepares for the holidays and tries to send a clear message about its future to vendors.
PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced that it has filed a draft asset purchase agreement to sell the Company.
As the clock continues to tick the fate of this iconic — but very vulnerable — retailer continues to be unknown
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 February 27, 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... [Read more...]
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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.