Billionaire financier George Soros seems to be showing faith in J.C. Penney’s chances at a turnaround, taking a 7.9% stake in the struggling retailer. The hedge fund titan bought nearly 17.4 million shares through his Soros Fund …
The move spotlighted key problems for the department-store field: hard-to-sell inventory and a reliance on deep discounts to move stock. J.C. Penney also has been shuttering poor-performing stores in a bid to better match supply with …
J.C. Penney Co. shares tumbled the most since they began trading in 1980, hurt by deeper losses and a sense among investors that department stores are stuck in an intractable slide. The rout followed a warning by the company that a …
With a little over six months on the job as JC Penney's chief executive, former Apple senior vice president of retail Ron Johnson is already seeing criticism of the major overhaul he designed for the ailing department store chain as a recent …
CHICAGO, Nov. 13, 2017 /PRNewswire/ -- InvestorsObserver issues critical Stock Score Reports for BAC, JCP, JD, …
The Spanx theft was reported Friday afternoon after a JCPenney employee noticed “the empty rack in the women’s undergarment section.” The worker noted that the Spanx stock had been there the prior evening. A subsequent search …
NEW YORK — J.C. Penney’s shares tumbled a day after the department store chain announced the sudden exit of Michael Francis, a former top Target executive hired in October to help redefine Penney’s brand. Penney’s stock
MANAGEMENT experts and institutional investors constantly lobby American executives to own more stock in the companies they run. Unlike options -- which, at worst, are worth nothing -- ownership of actual shares brings a …
J.C. Penney’s shares are tumbling a day after the department store chain announced the sudden departure of Michael Francis, a former top Target executive brought in last October to help redefine Penney’s brand,” Anne d’Innocenzio …