J C Penney Company Inc (JCP.N)
21 Oct 2014
|Market Cap (Mil.):||$2,341.15|
|Shares Outstanding (Mil.):||304.84|
Oct 13 - J.C. Penney Co Inc named Home Depot Inc executive Marvin Ellison as its new chief on Monday, ending an 18-month search but barely allaying investor concerns over problems facing the money-losing department store chain.
CORRECTED-(OFFICIAL)-UPDATE 1-J.C. Penney cuts same-store sales forecast as Sept sales slow (Oct. 8)
(Corrects paragraph 8 to say "which carries an exclusive assortment of Disney merchandise" from "which is the only U.S. department store retailer carrying an exclusive assortment of Disney merchandise." Adds link to corrected press release.)
Oct 13 - J.C. Penney Co Inc named Marvin Ellison, credited with resurrecting Home Depot Inc's U.S. business, as its next chief executive as the department store operator looks to push on since stemming a two-year long sales decline.
Oct 13 - J.C. Penney Co Inc said Marvin Ellison, Home Depot Inc's head of U.S. stores, would replace Myron Ullman as chief executive in August 2015.
Oct 9 - A resurgence in spending helped by an improving U.S. economy bolstered back to school season sales for retailers in September, but stagnant wages may force more discounting in the coming months, keeping pressure on margins.
Oct 8 - Retailer J.C. Penney Co Inc cut its current-quarter same-store sales forecast, citing lower sales in September and a "difficult retail environment," sending its shares down sharply.
(The following statement was released by the rating agency) NEW YORK, October 02 (Fitch) Fitch Ratings has updated its recovery analyses for the following U.S. retailers as of Aug. 2, 2014, unless otherwise indicated: --J.C. Penney Company, Inc. (JCP) --RadioShack Corporation (RSH) --Rite Aid Corporation (RAD) (as of Aug. 30, 2014) --Sears Holdings Corporation (SHLD) --SUPERVALU Inc. (SVU) (as of June 14, 2014) --Toys 'R' Us, Inc. (TOY) --The Bon-Ton Stores, Inc. (BONT) --Burlington Stores
NEW YORK, Sept 10 (IFR) - US department store giant JC Penney took a major step on the road to recovery on Wednesday, pricing a bigger-than-expected US$400m unsecured bond that showed it has ample access to the debt capital markets.
(The following statement was released by the rating agency) NEW YORK, September 09 (Fitch) Fitch Ratings has assigned a rating of 'CCC/RR4' to J.C. Penney's Corporation Inc.'s (J.C. Penney) proposed issue of five-year $350 million senior unsecured notes. The Rating Outlook is Positive. The unsecured and unguaranteed notes will rank equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness, including its existing notes. J.C. Penney intends to use
Aug 14 - Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading.