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Retailers On The Ropes: 7 Companies Expected To Have A Difficult 2014
Wednesday, January 22, 2014 - 1:59pm | 78Read More...While there are signs the economy is picking up, 2014 is already projected to be a difficult year for many of the nation's retailers – who are already dealing with strong competition from their online business rivals, as well as continuing consumer uneasiness about the future. Here are seven...
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Brian Sozzi Comments On JCPenney Following News Of 33 Store Closings, Employee Cuts
Thursday, January 16, 2014 - 1:01pm | 283Read More...JC Penney (NYSE: JCP) announced on Wednesday that in an effort to cut costs and return to profitability will slash 2000 jobs and close down 33 stores. According to JCP's press release, the move should generate savings of $65 million. JC Penney's CEO, Myron Ullman, defends the decision, “While...
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Do Recent J.C. Penney Share Prices Reflect Investor Optimism or False Hope?
Thursday, November 21, 2013 - 12:23pm | 575Read More...J.C. Penney (NYSE: JCP) shares jumped more than eight percent Wednesday closing at $9.44. This, despite a $489 million Q3 loss, compared with a $123 million loss during the same period a year ago. The adjusted loss of $1.81 per share was more than the $1.77 per share loss analysts expected...
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George Soros Takes a 7.9 Percent in J.C. Penney, Ackman Vindicated?
Friday, April 26, 2013 - 7:39am | 433Read More...Famed currency investor George Soros, famous for "breaking the sterling" in the 1980's, has taken a large 7.9 percent stake in struggling retailer J.C. Penney (NYSE: JCP). Soros now is long the stock along with Pershing Square's Bill Ackman and now is opposed by Carl Icahn. Although he has taken a...
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JCPenney Reports 3Q Results
Friday, November 12, 2010 - 8:51am | 396Read More...J. C. Penney Company, Inc. (NYSE: JCP) reported net income of $44 million dollars or $0.19 per share for the quarter ended Oct. 30, 2010, compared to $0.11 per share in last year's third quarter. Comparable store sales were positive for the third consecutive quarter, increasing 1.9 percent over...
