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Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

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Last Post: 5/30/2021 3:41:45 AM - Followers: 358 - Board type: Free - Posts Today: 0

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.

PostSubject
#43498   Nice - traders have to keep emotion out. MasterBlastr 05/30/21 03:41:45 AM
#43497   This probably one of my greatest shorts of chaostrader 05/29/21 09:54:02 AM
#43496   sold 8000s @0.81--1.11 .WOW 8lang 05/10/21 06:42:44 PM
#43495   Watch out !!!!!!!!!!!!!!!! Jr.bonds flying!!!!!!!!!!!!!! 8lang 05/10/21 10:28:16 AM
#43494   He’s been spamming all over mrpennystocks 05/08/21 06:12:52 PM
#43493   Figured someone would use this board for spamming bar1080 05/08/21 09:52:43 AM
#43492   Bob, do you realize Old Copper Inc is bar1080 05/08/21 09:28:23 AM
#43490   I dont think so. The bankruptcy & StihlsawsRule 04/09/21 09:57:32 AM
#43489   So when it missed another payment and the footballref-8541 04/02/21 10:20:16 PM
#43488   Thank you. freddyb 04/02/21 05:42:00 PM
#43487   It can’t be delisted until debts or payoffs mrpennystocks 04/02/21 03:54:37 PM
#43486   Is cotrp going to be delisted? Will freddyb 04/02/21 10:33:18 AM
#43484   True statement. Management as this POS company StihlsawsRule 03/22/21 09:36:08 AM
#43482   Short selling this bankrupt pos was a no brainer. jimr1717 03/19/21 08:46:11 AM
#43481   It should have. It could have. I-Man 03/19/21 08:17:37 AM
#43480   But I thought that you said this was jimr1717 03/18/21 08:23:41 AM
#43479   Old news. Our family stopped buying from them I-Man 03/18/21 07:38:20 AM
#43478   JCPenney gift cards are redeemable for merchandise or artdez 03/17/21 03:26:19 AM
#43477   COTRP UP 342% mrpennystocks 03/09/21 04:05:59 PM
#43476   Microsoft filed a claim asserting that their claim mrpennystocks 03/05/21 06:04:12 PM
#43475   Yes, it's coming back and suave investors will VelvetJones 03/01/21 10:54:47 PM
#43474   No...... "...!jcp relisting?..." Homebrew 02/21/21 11:15:13 PM
#43473   !jcp relisting? Taurus69 02/21/21 07:10:14 PM
#43472   Uplist mrpennystocks 02/19/21 07:52:04 PM
#43471   JCP bonds will go much higher than current 8lang 02/19/21 07:07:17 PM
#43470   They would do all 3. But they shouldn’t mrpennystocks 02/19/21 06:05:21 PM
#43469   Umm that is a sign they think it TenKay 02/19/21 05:21:12 PM
#43468   Maybe ? Maybe not ,who knowns . But 8lang 02/19/21 05:19:37 PM
#43467   Maybe they are short? mrpennystocks 02/19/21 05:15:17 PM
#43466   Not call because they never tell the truth. 8lang 02/19/21 05:14:26 PM
#43465   Did they give a reason for that? mrpennystocks 02/19/21 04:31:44 PM
#43462   Sorry for ur lost. But im still full 8lang 02/19/21 11:51:18 AM
#43461   Well my family investment of many years into I-Man 02/19/21 11:21:42 AM
#43460   I believe so. They were very small cap VelvetJones 02/18/21 05:16:56 PM
#43459   Someone buy tons of golden turd ??? lolol 8lang 02/17/21 11:10:58 AM
#43458   COTRP UP 98%! Almost 20K $25 bond certificates were mrpennystocks 02/16/21 09:06:28 PM
#43457   I can hear my wallet getting fatter already MasterBlastr 02/16/21 06:26:45 PM
#43456   News for bonds coming .... ! 8lang 02/16/21 04:13:29 PM
#43455   Were they publicly traded companies? TenKay 02/15/21 09:51:40 PM
#43454   If I remember correctly, there have only been VelvetJones 02/15/21 09:48:40 PM
#43452   “That's right, the whole thing could be tossed TenKay 02/12/21 03:25:20 PM
#43451   In fact, the judge is probably *still* squirting MasterBlastr 02/11/21 11:25:41 PM
#43450   That's right, the whole thing could be tossed MasterBlastr 02/11/21 11:21:02 PM
#43449   The “dispute” would be for someone to file TenKay 02/11/21 05:28:36 PM
#43448   The POR can still be disputed, can't it? mrpennystocks 02/11/21 05:10:20 PM
#43447   Correct...but holders will never see that or anything TenKay 02/11/21 01:26:26 PM
#43446   You got it, sort of. Unimpaired value MasterBlastr 02/11/21 12:35:19 PM
#43443   “The wording of the approved reorg plan says TenKay 02/11/21 10:52:44 AM
#43442   ~~Rip Commons~~ jimr1717 02/10/21 11:16:53 PM
#43441   I have some unsecured notes of JCP (The DDMasterStocks 02/10/21 09:47:42 PM
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