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 …
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 …
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
(Reuters) - A JC Penney Co <JCP.N> shareholder on Tuesday sued the struggling retailer over its surprise decision to issue more than $810 million of stock to shore up liquidity, which led to a steep drop in its share price. The plaintiff, …
J. C. Penney Company Inc. (JCP) reported Friday a wider year-over-year net loss for the second-quarter 2017. Total net sales for the quarter were up 1.5%, while comparable sales declined 1.3%. It reaffirmed its adjusted earnings per share …
Two years after J.C. Penney Co. bought out the company, Eckerd Corp. is going public again. Sort of. J.C. Penney last week announced a plan to spin off its Eckerd drug store chain as a separate tracking stock. Under this plan, the …
After another sharp decline today, following yet another batch of disappointing quarterly results, JCPenney’s stock has hit an all-time low. It fell below $4 a share for the first time today (Aug. 11). To put this long, unrelenting slide into context ...
The Texas-based maker of the “bump stock” rifle attachment has been hit with a …
A small group of contrarian stock pickers are buying shares in struggling US retailers ... purchased a small position in JC Penney in the second quarter, according to …
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 …