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J C Penney Company Inc (JCP.N)

JCP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

J C Penney Determined A Charge For Impairment To Corporate Aircraft Assets
Thursday, 14 Jun 2018 

June 14 (Reuters) - J C Penney Company Inc ::J C PENNEY COMPANY - DETERMINED A CHARGE FOR IMPAIRMENT TO CORPORATE AIRCRAFT ASSETS.J C PENNEY COMPANY INC - IMPAIRMENT CHARGE IS A RESULT OF COMPANY'S DECISION TO SELL ITS CORPORATE AIRCRAFT AND CLASSIFY ASSETS AS HELD FOR SALE.J C PENNEY COMPANY INC - CURRENTLY ESTIMATES TOTAL IMPAIRMENT CHARGE TO BE APPROXIMATELY $50 MILLION.J C PENNEY COMPANY INC - COMPANY DOES NOT CURRENTLY EXPECT THAT IMPAIRMENT CHARGE WILL RESULT IN ANY SIGNIFICANT FUTURE CASH EXPENDITURES.J C PENNEY - CURRENTLY EXPECTS TO RECEIVE ABOUT $20 MILLION IN CASH PROCEEDS IN 2018 FROM SALE OF CORPORATE AIRCRAFT.J C PENNEY COMPANY INC SAYS IMPAIRMENT CHARGE WILL BE RECORDED IN FISCAL Q2 OF 2018 - SEC FILING.J C PENNEY - EXPECTS SALE OF CORPORATE AIRCRAFT TO REDUCE ANNUAL OPERATING EXPENSES ABOUT BETWEEN $5 MILLION AND $10 MILLION.  Full Article

Lowe's Names Marvin Ellison President And CEO
Tuesday, 22 May 2018 

May 22 (Reuters) - Lowe's Companies Inc ::LOWE'S NAMES MARVIN ELLISON PRESIDENT AND CHIEF EXECUTIVE OFFICER.LOWE'S DIRECTOR RICHARD W. DREILING TO BECOME CHAIRMAN OF BOARD.ELLISON SUCCEEDS ROBERT A. NIBLOCK, WHO PREVIOUSLY ANNOUNCED HIS INTENTION TO RETIRE.MARVIN ELLISON CURRENTLY SERVES AS CHAIRMAN AND CEO OF J. C. PENNEY COMPANY, INC.  Full Article

J.C. Penney Says CEO's FY 2017 Total Compensation Was $10.8 Mln Vs $9.4 Mln In FY 2016
Monday, 9 Apr 2018 

April 9 (Reuters) - J C Penney Company Inc ::J C PENNEY COMPANY SAYS CEO MARVIN ELLISON'S FY 2017 TOTAL COMPENSATION WAS $10.8 MLN VS $9.4 MLN IN FY 2016 - SEC FILING.  Full Article

Phoenix Investors Acquires JCpenney Distribution Center In Wauwatosa, Wisconsin
Tuesday, 13 Mar 2018 

March 13 (Reuters) - J C Penney Company Inc ::PHOENIX INVESTORS ACQUIRES JCPENNEY DISTRIBUTION CENTER IN WAUWATOSA, WISCONSIN.‍PHOENIX INVESTORS - ACQUIRES JCPENNEY DISTRIBUTION CENTER FOR $31.25 MILLION​.  Full Article

JC Penney Provides Holiday Sales Performance Update
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - J C Penney Company Inc ::JCPENNEY PROVIDES HOLIDAY SALES PERFORMANCE UPDATE.J C PENNEY COMPANY INC - REAFFIRMS FULL-YEAR FINANCIAL GUIDANCE.J C PENNEY COMPANY INC - ‍DELIVERS A 3.4PCT COMP SALES INCREASE FOR COMBINED NINE-WEEK PERIOD ENDING DECEMBER 30, 2017​.J C PENNEY COMPANY INC - CO ALSO REAFFIRMED ALL COMPONENTS OF ITS MOST RECENT FULL-YEAR FINANCIAL GUIDANCE FOR FISCAL 2017.  Full Article

J.C. Penney reports a 1.7 pct increase in comparable sales for Q3
Friday, 10 Nov 2017 

Nov 10 (Reuters) - J.C. Penney Company Inc :J.C. Penney reports a 1.7 percent increase in comparable sales for the third quarter 2017.Q3 adjusted loss per share $0.33.Q3 loss per share $0.41.Q3 earnings per share view $-0.43 -- Thomson Reuters I/B/E/S.Q3 sales $2.81 billion versus I/B/E/S view $2.77 billion.J.C. Penney Company Inc - ‍"During Q3, we took aggressive actions to clear slow-moving inventory"​.J.C. Penney Company Inc - ‍FY 2017 adjusted earnings per share expected to be a positive $0.02 to $0.08​.J.C. Penney Company Inc sees ‍fiscal 2017 full year comparable store sales expected to be -1.0 % to 0.0 %​.FY earnings per share view $0.06 -- Thomson Reuters I/B/E/S.J.C. Penney Company - ‍Actions to clear slow-moving inventory in quarter, primarily allowing for "improved apparel assortment" heading in to holiday season​.J.C. Penney - ‍Inventory at end of Q3 2017 was $3.37 billion, a decrease of 8.8 % compared to end of Q3 last year, and down 5.7% on a comp store basis​.J.C. Penney Company Inc - ‍Home, Sephora, footwear and handbags, women's specialty and salon were company's "top performing divisions" during quarter​.J.C. Penney Company Inc - ‍Actions to clear slow-moving inventory had a negative short-term impact on profitability in Q3​.  Full Article

JCPenney to realign merchandising organization, eliminates position of chief merchant
Friday, 3 Nov 2017 

Nov 3 (Reuters) - J C Penney Company Inc :Jcpenney announces a realignment of its merchandising organization.JCPenney Company Inc - ‍in conjunction with this reorganization, position of chief merchant has been eliminated​.JCPenney Company inc - ‍John Tighe will be leaving company to pursue other opportunities​.JCPenney Company - organizational restructuring to "streamline decision-making and promote greater agility within its merchandise buying teams​".  Full Article

Jcpenney builds on toy shops with Lego® partnership
Monday, 30 Oct 2017 

Oct 30 (Reuters) - J C Penney Company Inc ::J C Penney builds on toy shops with Lego® partnership.J C Penney Company - ‍beginning in November, JCPenney will offer Lego building bricks and playsets in 875 toy shops inside JCPenney stores.  Full Article

J C Penney provides update on Q3 2017 performance
Friday, 27 Oct 2017 

Oct 27 (Reuters) - J C Penney Company Inc :Jcpenney provides update on third quarter 2017 performance.Sees Q3 adjusted loss per share $0.40 to $0.45.‍Adjusts full-year guidance​.‍For Q3, company expects that comparable store sales will increase in range of 0.6 pct to 0.8 pct​.Sees FY 2017 adjusted earnings per share $0.02 to $0.08.‍For Q3, expects cost of goods sold, which excludes depreciation and amortization, will increase 300 to 320 basis points​.Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.J c penney - ‍realize inventory liquidation favorably impacted sales for sept & oct.Co expects to deliver positive low single-digit sales comp for Sept & Oct period, excluding benefit of clearance sales​.‍During Q3, created integrated business function to have pricing, planning & allocation teams work under oversight of newly appointed CFO.‍For FY 2017, comparable store sales are now expected to be -1 pct to 0 pct​.‍For 2017, free cash flow now expected to be $200 million to $300 million​.‍In Q3, took necessary steps to accelerate inventory liquidation primarily across all apparel divisions​.Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.‍Taking "comprehensive approach to assessing effectiveness of our inventory positions"​.  Full Article

J C Penney to launch smartwatches in 245 stores and JCPenney.com​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - J C Penney Company Inc :J C Penney Company Inc - ‍beginning Oct. 30, company is launching selection of smartwatches in 245 stores and JCPenney.com​.  Full Article

UPDATE 1-Starbucks investors mourn end of an era as Schultz exits

June 5 Starbucks Corp's shares fell as much as 3 percent on Tuesday as the departure of Howard Schultz, the entrepreneur who turned 11 cafes into a global juggernaut, added to a series of worrying headlines for the world's biggest coffee chain.