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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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JCP News: Current Report Filing (8-k) 05/22/2020 04:35:22 PM
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#14413  Sticky Note https://www.google.com/amp/s/www.forbes.com/sites/christopherwalton/2020/05/29/t UpTickMeASAP 05/29/20 07:59:21 PM
#12871  Sticky Note Market Move from NYSE ( JCP ) to JCPNQ [SMART MONEY] 05/18/20 07:10:45 PM
#11033  Sticky Note REASONS JCPENNEY MIGHT BE A BUYOUT CANDIDATE Toronto_Trader 05/11/20 11:48:51 PM
#9834  Sticky Note $jcp $1.50 with news Taurus69 09/18/19 01:34:08 AM
#14511   Buying more next week, commons survive here. Gekko The Great 05/31/20 04:23:38 PM
#14510   i didn't hear anything about merg. IMO I MCTaxes 05/31/20 04:09:59 PM
#14509   in the same boat want more but money housemoney4sure 05/31/20 02:19:14 PM
#14508   Totally agreed!! bouch 05/31/20 02:09:46 PM
#14507   hopefully steady rise and no gap up, we TH11 05/31/20 01:26:59 PM
#14506   If Amazon bought out JC Penny then from OTC_Buyer 05/31/20 01:21:32 PM
#14505   I’ll average down this week. In at .21 IoT II 05/31/20 09:53:04 AM
#14504   Audio sounds good. Up Monday!! Tuesday big day!! JJZander 05/31/20 09:02:17 AM
#14503   What target expect for the comming week,,, i bouch 05/31/20 08:17:31 AM
#14502   $20 is that not a little to much,, bouch 05/31/20 04:18:50 AM
#14501   hope we will see half a dollar soon bouch 05/31/20 04:12:11 AM
#14500   Lol JCPNQ easy money Nebuchadnezzar 05/31/20 04:03:41 AM
#14499   92.2 now. Next week should be great. emit 05/31/20 02:58:18 AM
#14498   I see. Thanks IoT II 05/31/20 02:26:44 AM
#14497   depends on how the do it. I think filmspeed 05/31/20 02:23:58 AM
#14496   You also have to look at it this filmspeed 05/31/20 02:22:04 AM
#14495   This is probably a rookie question but what IoT II 05/31/20 02:20:48 AM
#14494   well the split will will be the property filmspeed 05/31/20 02:17:52 AM
#14493   $0.167 here for me ... wish I could OTC_Buyer 05/31/20 02:06:27 AM
#14492   .11 here... think i hit @ bottom. emit 05/31/20 01:56:22 AM
#14490   This article viewed almost 83,000 !!!! ysung 05/31/20 01:35:58 AM
#14488   Lol your still hereeeee, jeeeezeeee COMMONS STRONG! bigsol33 05/30/20 11:55:21 PM
#14487   I do rest extremely well thank you very inventor1 05/30/20 11:40:10 PM
#14486   After June 2nd we will be above .30 ZLAZARUS 05/30/20 11:27:36 PM
#14485   Absolutely agree. Nothing but up from here. IoT II 05/30/20 11:25:06 PM
#14484   Theres two plans from what I can tell. thelionwarrior 05/30/20 11:22:38 PM
#14483   RIP COMMONS jimr1717 05/30/20 11:16:44 PM
#14482   Lots of buzz about an AMAZON buy out IoT II 05/30/20 11:04:24 PM
#14481   Listen to the audio! Never seen a bk thelionwarrior 05/30/20 10:59:20 PM
#14480   hopefully next week it continues to rise housemoney4sure 05/30/20 10:55:58 PM
#14479   Amazing dd every seems im late to the party bigsol33 05/30/20 10:53:53 PM
#14478   i am in at .17,i did my dd astockwinner 05/30/20 10:53:39 PM
#14477   I think amazon is after brick and mortar, filmspeed 05/30/20 10:09:07 PM
#14476   Trend is already up with 500 store openings ysung 05/30/20 09:58:09 PM
#14475   depends on alot of things, one if people filmspeed 05/30/20 09:52:37 PM
#14474   i think i am in the .15 range filmspeed 05/30/20 09:50:42 PM
#14473   Looks like this will pop on Monday!!!!! ysung 05/30/20 09:50:22 PM
#14472   Thanks - hopefully equity will find itself in MasterBlastr 05/30/20 09:46:35 PM
#14471   cool i would say everyone should listen to this filmspeed 05/30/20 09:42:18 PM
#14470   yes and there was something on down where filmspeed 05/30/20 09:41:22 PM
#14469   Direct file from hearing mentioned today. Philter1972 05/30/20 09:38:44 PM
#14468   They are in talks with other lenders, who MCTaxes 05/30/20 09:34:25 PM
#14467   https://cases.primeclerk.com/JCPenney/Home-DocketInfo# filmspeed 05/30/20 08:45:21 PM
#14465   SHARE HOLDERS NEED TO LISTEN TO THE AUDIO. filmspeed 05/30/20 08:44:14 PM
#14464   yep, and i think they might be doing filmspeed 05/30/20 08:41:53 PM
#14463   yes and did you notice that is near filmspeed 05/30/20 08:40:33 PM
#14462   Next major milestone after July 2nd is July thelionwarrior 05/30/20 08:40:20 PM
#14461   So June 2nd we want the Dip approval. thelionwarrior 05/30/20 08:36:47 PM
#14460   and he said sales were at 39 % filmspeed 05/30/20 08:36:47 PM
#14459   Yeah it sounded to me they wanted it thelionwarrior 05/30/20 08:34:34 PM