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J C Penney Company Inc (JCP.N)

JCP.N on New York Stock Exchange

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18 Apr 2018
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Latest Key Developments (Source: Significant Developments)

J.C. Penney Says CEO's FY 2017 Total Compensation Was $10.8 Mln Vs $9.4 Mln In FY 2016
Tuesday, 10 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
Wednesday, 14 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
Saturday, 4 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

J.C. Penney Co Inc director Javier Teruel buys 135,135 shares of co's common stock
Wednesday, 23 Aug 2017 

Aug 22 (Reuters) - J.C. Penney Co Inc :J.C. Penney Co Inc director Javier Teruel reports purchase of 135,135 shares of co's common stock on Aug 22 at $3.64 per share - SEC filing.  Full Article

J C Penney Co reports Q2 adjusted loss per share $0.09
Friday, 11 Aug 2017 

Aug 11 (Reuters) - J C Penney Company Inc :Jcpenney reports a 1.5 percent increase in total net sales for the second quarter 2017.Q2 adjusted loss per share $0.09.Q2 loss per share $0.20.Q2 sales $3.0 billion versus I/B/E/S view $2.84 billion.Q2 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S.J C Penney Company Inc - reaffirming our EPS guidance for year,.Qtrly ‍comparable sales declined 1.3 % for Q2​.J c penney company inc - ‍inventory at end of Q2 2017 was $2.8 billion, a decrease of 6.8 % compared to end of Q2 last year​.J C Penney Company Inc - during Q2, liquidated inventory in 127 of closing stores which had a negative impact on gross margin and EPS.J C Penney Company Inc - "we are off to a strong start in august for all-important back to school season".J C Penney Company Inc - FY 2017 ‍comparable store sales: expected to be -1 % to +1 %​.J C Penney Company Inc - FY 2017 ‍adjusted earnings per share(1): expected to be $0.40 to $0.65​.Fy earnings per share view $0.49 -- Thomson Reuters I/B/E/S.J C Penney - ‍while broader retail remains challenged, are encouraged by improvement in total apparel business, including acceleration in kids' apparel​.  Full Article

BRIEF-J. C. Penney Increased Tender Cap For Senior Notes

* J. C. PENNEY ANNOUNCES SUCCESSFUL EARLY TENDER OFFER RESULTS AND INCREASES TENDER CAPS