J C Penney Company Inc (JCP.N)
29 May 2015
May 19 - A federal judge certified a class-action lawsuit that accuses J.C. Penney Company Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting big discounts when the items were advertised on sale.
(The following statement was released by the rating agency) NEW YORK, May 18 (Fitch) Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. at 'CCC'. The Rating Outlook is Positive. A full list of rating actions follows at the end of this press release. KEY RATING DRIVERS Fitch Ratings expects J.C. Penney to generate EBITDA of approximately $600 million in 2015 versus $277 million in 2014, based on 3% comparable store sales (c
May 13 - J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on the back of solid demand for apparel and women's handbags, and lifted its annual margin target in a sign the department store chain is getting a better grip on costs.
May 13 - Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods.
May 13 - Department store chain J.C. Penney Co Inc reported a narrower quarterly loss and lifted its annual gross margin target, helped by stronger sales.
* Company expects Q1 same-store sales to rise about 3.5-4.5 pct
April 14 - J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.
* Indexes: Dow off 0.09 pct, S&P up 0.03 pct, Nasdaq off 0.05 pct (Updates to market open)
* Indexes off: Dow 0.08 pct, S&P 0.01 pct, Nasdaq 0.02 pct (Updates to market open)
* Futures off: Dow 17 pts, S&P 3 pts, Nasdaq 5.5 pts (Adds data, quote)