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Created: 07/16/2006 10:11:09 PM - Followers: 347 - 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.

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#43522
Which broker do you use for trading OTC pennystocks? dazetrader 03/01/2022 01:20:14 PM
#43521
Wait to see what going on ? 8lang 12/07/2021 09:35:06 AM
#43520
Last one I got was December 2020. Maybe mrpennystocks 12/07/2021 08:49:02 AM
#43519
Thanks. I hold COPRT too. The Trustee should 8lang 12/07/2021 08:46:30 AM
#43518
BOK NA Financial is designated as the replacement mrpennystocks 12/07/2021 08:37:12 AM
#43517
There’s also a form called COTRP on here mrpennystocks 12/07/2021 08:35:42 AM
#43516
Yup profit sharing in addition to a payout settlement mrpennystocks 12/07/2021 08:35:17 AM
#43515
If my memory is correct, we had a 8lang 12/07/2021 08:30:35 AM
#43514
There is another bank NOK BA mrpennystocks 12/07/2021 04:24:42 AM
#43513
It doesn't work that way . . . MasterBlastr 12/04/2021 06:04:45 PM
#43512
Yeas , USBank is the Trustee who should 8lang 12/04/2021 01:05:08 PM
#43511
What would you expect from USBank - they MasterBlastr 12/04/2021 12:55:21 PM
#43510
USBank should clams for Trust pfds holders, but 8lang 12/04/2021 12:52:17 PM
#43509
You are welcome - I do not know MasterBlastr 12/04/2021 12:32:47 PM
#43508
Thank you very much ! 8lang 12/04/2021 12:26:50 PM
#43507
Docket - https://cases.primeclerk.com/JCPenney/Home-DocketInfo MasterBlastr 12/04/2021 12:18:09 PM
#43506
Then follow the docket . . . MasterBlastr 12/04/2021 12:14:11 PM
#43505
Trust pfds should belong to priority claims , 8lang 12/04/2021 11:40:44 AM
#43504
If we get anything back, yes. Will MasterBlastr 12/04/2021 11:29:15 AM
#43503
Thanks. How do you think our Trust pfds 8lang 12/04/2021 10:03:07 AM
#43502
CLAIMS ADMINISTRATION QUARTERLY STATUS REPORT The above-captioned wind-down mrpennystocks 12/03/2021 06:47:51 PM
#43501 The 10 biggest retail bankruptcies of 2020 ernie44 09/08/2021 06:07:26 PM
#43500 SUCH A DEAL---BUY HIGH ---SELL HIGHER ernie44 09/08/2021 06:06:08 PM
#43499 Rest in peace JCPenney stock, they may bell345 08/23/2021 08:25:42 AM
#43498 Nice - traders have to keep emotion out. MasterBlastr 05/30/2021 03:41:45 AM
#43497 This probably one of my greatest shorts of chaostrader 05/29/2021 09:54:02 AM
#43496 sold 8000s @0.81--1.11 .WOW 8lang 05/10/2021 06:42:44 PM
#43495 Watch out !!!!!!!!!!!!!!!! Jr.bonds flying!!!!!!!!!!!!!! 8lang 05/10/2021 10:28:16 AM
#43494 He’s been spamming all over mrpennystocks 05/08/2021 06:12:52 PM
#43493 Figured someone would use this board for spamming bar1080 05/08/2021 09:52:43 AM
#43492 Bob, do you realize Old Copper Inc is bar1080 05/08/2021 09:28:23 AM
#43490 I dont think so. The bankruptcy & StihlsawsRule 04/09/2021 09:57:32 AM
#43489 So when it missed another payment and the footballref-8541 04/02/2021 10:20:16 PM
#43488 Thank you. freddyb 04/02/2021 05:42:00 PM
#43487 It can’t be delisted until debts or payoffs mrpennystocks 04/02/2021 03:54:37 PM
#43486 Is cotrp going to be delisted? Will freddyb 04/02/2021 10:33:18 AM
#43484 True statement. Management as this POS company StihlsawsRule 03/22/2021 09:36:08 AM
#43482 Short selling this bankrupt pos was a no brainer. jimr1717 03/19/2021 08:46:11 AM
#43481 It should have. It could have. I-Man 03/19/2021 08:17:37 AM
#43480 But I thought that you said this was jimr1717 03/18/2021 08:23:41 AM
#43479 Old news. Our family stopped buying from them I-Man 03/18/2021 07:38:20 AM
#43478 JCPenney gift cards are redeemable for merchandise or artdez 03/17/2021 03:26:19 AM
#43477 COTRP UP 342% mrpennystocks 03/09/2021 04:05:59 PM
#43476 Microsoft filed a claim asserting that their claim mrpennystocks 03/05/2021 06:04:12 PM
#43475 Yes, it's coming back and suave investors will VelvetJones 03/01/2021 10:54:47 PM
#43474 No...... "...!jcp relisting?..." Homebrew 02/21/2021 11:15:13 PM
#43473 !jcp relisting? Taurus69 02/21/2021 07:10:14 PM
#43472 Uplist mrpennystocks 02/19/2021 07:52:04 PM
#43471 JCP bonds will go much higher than current 8lang 02/19/2021 07:07:17 PM
#43470 They would do all 3. But they shouldn’t mrpennystocks 02/19/2021 06:05:21 PM
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