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J.C. Penney Shares Bounce on New Discounts
Tuesday, January 29, 2013 - 11:38am | 360Read More...When former Apple (NASDAQ: AAPL) COO Ron Johnson took over as CEO at J.C. Penney (NYSE: JCP), the struggling U.S. retailer, he laid out a five-year plan to turn the retailer around. However, years into the plan, shareholders have seen little in the way of returns from this plan. One key tenet of...
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The 8 Most Controversial CEOs in America
Wednesday, January 23, 2013 - 2:20pm | 1593Read More...There are a number of controversial CEOs on Wall Street. Any number of different personality quirks, management styles or missteps can gain you admission to the "most controversial club." One reason for this is likely because of the eccentric personalities displayed by many entrepreneurs. At...
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JC Penney Continues to Tumble Following Earnings
Monday, November 12, 2012 - 2:36pm | 469Read More...Shares of J.C. Penney (NYSE: JCP) dropped on Monday, falling over 10 percent. The price action may have been particularly worrisome; J.C. Penney's loss on Monday followed a trading session on Friday in which shares traded lower. The retailer reported earnings Friday morning that disappointed...
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Gilford Securities Maintains Hold on JC Penney Following CEO Comments
Tuesday, September 25, 2012 - 1:11pm | 131Read More...Gilford Securities has published a research report on JC Penney (NYSE: JCP) that commented on CEO Ron Johnson's bullish vision. In the report, Gilford Securities wrote, "Ron Johnson paints an enticing picture of a “new” Penney transforming itself to become America's Favorite Store. As he spoke...
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4 Beaten Down Stocks and How They Might Bounce Back
Monday, August 27, 2012 - 1:27pm | 763Read More...While the broad market indices are currently trading near four-year highs, some notable stocks have had terrible performances in recent months. Most of these companies face fundamental problems as technological changes have made their business models largely unworkable. Still, these distressed...
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J.C. Penney Rises Sharply Despite Atrocious Earnings
Friday, August 10, 2012 - 11:59am | 433Read More...Shares of J.C. Penney (NYSE: JCP) rose more than three percent Friday morning even after the clothing retailer reported quarterly earnings that drastically missed Wall Street analysts' expectations. Specifically, J.C. Penney reported Friday a second-quarter adjusted loss per share of $0.37,...
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JC Penney Strives to Bring Customers Back
Thursday, July 26, 2012 - 8:58am | 375Read More...Changing up pricing strategies is nothing new at J.C. Penney (NYSE: JCP) these days, as CEO Ron Johnson battles to bring the retailer back into good graces with scorned customers dismayed at the lack of coupons and discounts as of late. According to The Wall Street Journal, the upcoming back-to-...
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JC Penney Falls Following Credit Suisse Estimates Cut
Wednesday, July 11, 2012 - 8:47am | 431Read More...Department store operator J.C. Penney (NYSE: JCP) will likely see second-quarter sales at a higher rate than the 20 percent witnessed during the first-quarter. According to Market Watch, the company has attempted to overhaul merchandising and pricing, but the efforts have failed to bring in the...
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JC Penney President Leaves Company
Tuesday, June 19, 2012 - 8:21am | 428Read More...Department store chain J.C. Penney (NYSE: JCP) said Tuesday that its President, Michael Francis, is leaving the company. Francis was formerly a Target (NYSE: TGT) executive, and J.C. Penney brought him in to help redefine the brand. However, the company is apparently unhappy with the results. In...
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JC Penney's Ron Johnson Capitulates, Uses Word "Sale"
Wednesday, June 6, 2012 - 1:19pm | 390Read More...This morning, CBS reported that JC Penney's (NYSE: JCP) CEO Ron Johnson has now decided to resume use of the word “sale.” With JC Penney reporting a disappointing quarter last month, the company is struggling to grow its revenues. The quarter contained $53 million in inventory markdowns, likely...
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After Sales Plunge in the First Quarter, J.C. Penney Getting Promotional Again
Wednesday, May 30, 2012 - 5:29pm | 487Read More...When former Apple (NASDAQ: AAPL) exec Ron Johnson was hired as CEO of struggling retailer J.C. Penney (NYSE: JCP), he outlined a strategy which spurned the company's previous highly promotional approach in favor of more straightforward pricing. To this end, the company implemented a three-level...
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J.C. Penney Tries to Bite the "Apple", Gets a Worm
Wednesday, May 16, 2012 - 11:34am | 571Read More...In a retail failure heard around the world this morning, J.C. Penney (NYSE: JCP) has struck a fearful chord in the minds of analysts banking on a quick turnaround story. The department retail chain admitted that its same store sales declined just shy of 19% in the first quarter, proving that plans...
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Attention J.C. Penney Shoppers: No More Dividend; Shares Plunge
Tuesday, May 15, 2012 - 4:16pm | 319Read More...Shares of department store operator J.C. Penney are tumbling as much as 14% in Tuesday's after-hours session after the Texas-based company said it will discontinue its quarterly dividend in an effort to save cash. J.C. Penney paid a quarterly dividend of 20 cents a share, good for a yield of 2.8...
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J.C. Penney's CFO Takes a Bow - Loving Someone Else's Style?
Wednesday, April 11, 2012 - 12:47pm | 398Read More...It was announced today that J.C. Penney's (NYSE: JCP) Chief Financial Officer, Michael Dastugue, is leaving his position after only 15 months. Among many managerial change-up's over the past year or so, this most recent abandonment has left stockholders to question who will next fill the hot potato...
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UPDATE: Deutsche Bank Upgrades JC Penney to Hold
Monday, January 9, 2012 - 4:14pm | 157Read More...Deutsche Bank has published a research report on JC Penney Company (NYSE: JCP) upgrading the company from Sell to Hold looking to the company's possible rough road into 2012. In the report, Deutsche bank writes, "Watching KSS has taught us the industry's hi-low promotional strategy may have hit a...
