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J C Penney Company Inc (JCP.N)

JCP.N on New York Stock Exchange

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16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Jcpenney appoints Marci Grebstein as Chief Marketing Officer
Tuesday, 23 May 2017 

May 23 (Reuters) - J C Penney Company Inc : :J C Penney appoints Marci Grebstein as chief marketing officer.Says Grebstein most recently served as chief marketing officer for Lowe's home improvement.  Full Article

J.C. Penney Co announces settlement of class action lawsuit
Saturday, 6 May 2017 

May 5 (Reuters) - J C Penney Company Inc :J. C. Penney Company, Inc. announces settlement of class action lawsuit.J C Penney Company Inc - Settlement to be funded by insurance with no financial impact to company.J C Penney Company Inc - Settlement remains subject to final documentation and approval of district court following notice to class members.J C Penney Company Inc - Settlement is worth $97.5 million.J C Penney - Denies allegations in lawsuit, but entering into settlement to eliminate uncertainties, burden, expense of further protracted litigation.J C Penney Company - To settle lawsuit, Alan B. Marcus, individually, on behalf of all others similarly situated, V. J.C. Penney Company, Inc., et.al.  Full Article

BRIEF-Greenlight Capital Inc Takes Share Stake In J C Penney, Best Buy and Time Warner

* GREENLIGHT CAPITAL INC TAKES SHARE STAKE OF 6.4 MILLION SHARES IN J C PENNEY COMPANY INC - SEC FILING