A number of leading Wall Street firms also lowered their price targets on the company. J.C. Penney shares closed down $6.57 at $26.75 on the New York Stock Exchange. The decline was the worst percentage decline since the company …
(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, …
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 …
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 …
JCPenney’s woes have caused the company’s stock to plunge by 53 percent so far this year. The shares closed with a gain of almost 4 percent to $9.19 Monday, up from a 52-week low of $6.24 reached last month. Things are so bad that …
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 …
Few lost as much as the bosses at J.C. Penney, the giant retailer, whose stock lost more than half its value during 1999. Most companies require chief executive to own stock worth three to five times their annual salary, said James A. …
J.C. Penney's shares are tumbling a day after the department store chain announced the sudden departure of Michael Francis, a top Target executive brought in last October to help redefine the store's brand. In a terse statement issued …
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 …
NEW YORK—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. Penney’s …