J. C. Penney Company Inc. (JCP) reported a profit for the fourth-quarter 2017 that increased 32.3 percent from last year, primarily due to a $75 million tax reform benefit. Total net sales for the quarter increased 1.8 percent from the previous …
Now, as retailers scramble to beef up their online presence and create shopping ‘experiences’ that will draw in foot traffic, investors have to choose wisely if they’re going to take a chance on the beaten down sector. JCP stock is down more …
Another day, another big retailer in a world of pain. JCPenney revealed on Friday it lost more money than feared. The bleak news sent its stock plunging more than 15% and below $4 a share for the first time ever. Yup. JCPenney is now a …
JCPenney slashed third-quarter profit forecasts amid an effort to liquidate less-popular products from its stores. The lowered guidance spurred a stock price plunge that reached as much as 25%. JCPenney just keeps sliding into the …
J.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25 percent in premarket trading, Friday, Oct. 27, 2017. J.C. Penney is issuing a weak …
Personally speaking, J C Penney Company Inc (NYSE:JCP) is a painful lesson in market timing: You can have the right argument and still lose the debate. Several years ago, I bought put options against the retailer, assuming that the JCP …
J C Penney Company Inc. (NYSE:JCP) has been in a slump for the past 5 years. The department store found itself caught in the retail apocalypse along side most of its peers as Amazon.com Inc. (NASDAQ:AMZN) transformed the industry …