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J C Penney Corporation Inc. (JCPNQ)

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JC Penney Website (Nov 2019)

JCPenney Company, Inc is an American department store chain with 865 locations in 49 U.S. states and Puerto Rico. In addition to selling conventional merchandise, JCPenney stores often house several leased departments such as SephoraSeattle's Best Coffee, salons, auto centersoptical centers, portrait studios, and jewelry repair.

Most JCPenney stores are located in suburban shopping malls. Before 1966, most of its stores were located in downtown areas. As shopping malls became more popular during the later half of the 20th century, JCPenney followed the trend by relocating and developing stores to anchor the malls. In more recent years, the chain has continued to follow consumer traffic, echoing the retailing trend of opening some freestanding stores, including some next door to competitors. Certain stores are located in power centers. The company has been an Internet retailer since 1998. It has streamlined its catalog and distribution while undergoing renovation improvements at store level.
 

J. C. Penney private brands

J. C. Penney introduced its own private brands when some suppliers denied access to the expected inventories.

  • St. John's Bay, casual men's and women's clothing and shoes
    The Original Arizona Jean Company, casual clothing and sandals for men, women, and children
    Xersion, active and athletic clothing for men, women and children
    Stafford, men's tailored clothing and shoes
    J. Ferrar, (JF), men's full line of clothing
    Worthington, women's formal and casual clothing and shoes
    a.n.a, young women's urban clothing and shoes
    Ambrielle, women's sleepwear, intimates, and swim
    JCPenney Home, home goods
     

On October 2, 2018, JCPenney announced former Jo-Ann Stores CEO Jill Soltau as their CEO, effective October 15, 2018. With the announcement, JCPenney's shares rose 9%.[69] The company ranked 235 on the Fortune 500 list of the largest United States corporations by revenue.

On December 26, 2018, the stock price of JCPenney (NYSE: JCP) fell below $1 per share. This was the first time shares fell below $1 ever in the 110-year history of the company, which started trading on the New York Stock Exchange in 1929. The stock fell 68% over the course of 2018, including a 30% drop in December 2018 alone.

On February 6, 2019, JCPenney said it would stop selling major appliances on February 28 "to better meet customer expectations, improve financial performance and drive profitable growth." It will continue to sell furniture online and in Puerto Rico stores—but not anywhere else. "Optimizing the allocation of store space will enable us to prioritize and focus on the company's legacy strengths in apparel and soft home furnishings, which represent higher margin opportunities," the company said in a statement.

On February 28, 2019, JCPenney announced its intent to close 27 stores in 2019, including 18 full-line department stores and nine home-and-furniture stores. The closure announcement was paired with news that the retailer had suffered a 4% decline in same-store sales during the 2018 holiday quarter.

On March 26, 2019, JCPenney announced the hiring of Bill Wofford as Chief Financial Officer. Wofford came to the company from Vitamin Shoppe, where he had served as CFO since June 2018.

On May 21, 2019, JCPenney announced that Shawn Gensch will be their Chief customer officer to take effect on June 3, 2019. Gensch comes from Sprouts Farmers Market where he was their CCO. Also on May 21, JCPenney announced a net sales decline of 5.6% and a net loss of $154 million for its fiscal first quarter of 2019, which ended on May 5.

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#33183  Sticky Note That just it...in all the documents there is TenKay 09/10/20 09:23:24 AM
#32887  Sticky Note JCPenney Reaches Agreement in Principle with Brookfield Propert Large Green 09/09/20 06:45:57 PM
#32569  Sticky Note News https://finance.yahoo.com/news/exclusive-j-c-penney-cusp-172852069.html?soc acing58108 09/09/20 01:45:02 PM
#32499  Sticky Note Ok.. Enough. It blows my mind people haven't UpTickMeASAP 09/08/20 03:26:57 PM
#9834  Sticky Note $jcp $1.50 with news Taurus69 09/18/19 01:34:08 AM
#42433   Here comes $7-11. RickNagra 11/28/20 04:06:36 PM
#42432   What is the gatekeeper provision with judge Jones? Kimbrown 11/28/20 03:57:30 PM
#42431   Judge Jones is a POS and part of tmeier 11/28/20 02:43:59 PM
#42430   Please be noted angered JCPenney shareholders, bondholders and Kimbrown 11/28/20 11:02:56 AM
#42429   twitter cannot be the basis of buying/selling decisions. NewTrader2017 11/28/20 12:15:14 AM
#42427   Appellant Designation of Contents For Inclusion in Record Philter1972 11/27/20 10:33:38 PM
#42426   https://www.fbi.gov/tips TenKay 11/27/20 02:59:54 PM
#42422   Need a criminal court. Crimes were committed here JP-Stockton 11/27/20 01:11:50 PM
#42421   Twitter suspended the fake Niko account. LOL. TenKay 11/27/20 12:32:53 PM
#42419   “what can be done for shareholders and any TenKay 11/27/20 10:07:58 AM
#42418   Jcpenney paid high dollars to its counsels, but Kimbrown 11/27/20 07:31:39 AM
#42417   Mr. Sussberg's argument in the confirmation hearing that Kimbrown 11/27/20 07:25:58 AM
#42416   But with Debtors' self imposed urgency, it short Kimbrown 11/27/20 07:09:20 AM
#42414   they also assume some debt keatingdemo 11/27/20 05:46:29 AM
#42413   Sears - Lampert won a bankruptcy auction after Kimbrown 11/27/20 05:45:03 AM
#42412   Lampert won a bankruptcy auction after increasing his Kimbrown 11/27/20 05:44:39 AM
#42411   Better than JCPNQ after the shares get cancelled. MasterBlastr 11/27/20 12:59:08 AM
#42410   How is COTURD doing these days ? RickNagra 11/27/20 12:26:26 AM
#42409   It doesn’t happen at confirmation but after when TenKay 11/26/20 11:38:48 PM
#42408   No RickNagra 11/26/20 11:04:07 PM
#42407   Shares are still trading now baseball74 11/26/20 10:17:46 PM
#42406   Were sears shares cancelled and shareholders wiped off Kimbrown 11/26/20 09:27:54 PM
#42405   Look at Sears. It is still trading RickNagra 11/26/20 04:48:30 PM
#42404   Rick Why is Jcpnq still trading? Dmceng4 11/26/20 04:15:13 PM
#42403   HAPPY TURKEY TO ALL BBANBOB 11/26/20 10:20:02 AM
#42402   No. Jones is waiting for equity class RickNagra 11/26/20 10:14:46 AM
#42401   Appears to be an individual and probably some BBANBOB 11/26/20 09:49:55 AM
#42400   There's a hearing on 12/4, docket 2044. Kimbrown 11/26/20 06:10:51 AM
#42399   Has the sale agreement been signed yet? Majic 11/26/20 12:54:49 AM
#42398   Maybe after the judge gets stuffed with turkey, MasterBlastr 11/26/20 12:12:06 AM
#42397   Oh No trading on Thanksgiving day! Half trading day RickNagra 11/25/20 11:20:29 PM
#42396   No trading on Thanksgiving day! Half trading day baseball74 11/25/20 08:10:17 PM
#42395   Looking forward to seeing some nice JCPNQ trading tomorrow. RickNagra 11/25/20 08:01:01 PM
#42393   Awesome tweet from Niko $7-11 RickNagra 11/25/20 04:24:02 PM
#42392   Yes yes yes. RickNagra 11/25/20 04:22:58 PM
#42390   Wow. Looking forward to seeing some action. RickNagra 11/25/20 01:24:23 PM
#42389   Just listened to the recording of the hearing. TenKay 11/25/20 01:21:19 PM
#42386   Look again...it’s not. Just a last ditch TenKay 11/25/20 11:37:12 AM
#42385   Because it is...Niko’s actual account has 462 followers, TenKay 11/25/20 11:31:35 AM
#42384   LOOK like his account to me!!!!!!!!!!!!! BBANBOB 11/25/20 11:30:22 AM
#42382   WHY do you say that BBANBOB 11/25/20 11:23:18 AM
#42381   Too late Hunterdave 11/25/20 11:09:43 AM
#42380   Great Forbes article!!!!!! Is it too little too intuitive3 11/25/20 10:59:37 AM
#42378   Niko is about to rescue us commons so RickNagra 11/25/20 10:44:05 AM
#42377   Ndt, thanks for posting! intuitive3 11/25/20 10:43:23 AM
#42376   That’s a fake account...it’s not Niko TenKay 11/25/20 10:36:51 AM
#42375   Here comes $7-11 RickNagra 11/25/20 10:36:02 AM
#42374   " $JCPNQ rocket time Nightdaytrader 11/25/20 10:26:12 AM
#42373   Lots of tweets this morning from Niko Celentano. Nightdaytrader 11/25/20 10:22:58 AM
#42372   So cotrp is only worth a few cents? freddyb 11/25/20 09:51:32 AM
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