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JC Penney's Response To The 'Great Apparel Slump'
Wednesday, April 12, 2017 - 10:46am | 383Read More...Retailers and department stores are struggling in the "great apparel slump," but that doesn't mean companies are going down without a fight, according to a CNBC report. For example, struggling department store J C Penney Company Inc (NYSE: JCP) has opened up its showrooms to...
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Retail Sector Is On Fire Today
Wednesday, June 15, 2016 - 12:18pm | 422Read More...Shares of J C Penney Company Inc (NYSE: JCP) gained more than 5 percent Wednesday morning as the company's management spoke at the Piper Jaffray Consumer Conference. Here are some of the biggest takeaways from the company's CEO Marvin Ellison's presentation. 1. Memorial Day weekend sales were...
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Investors Shrug Off S&P Ratings Upgrade Of JC Penney's Debt
Wednesday, March 30, 2016 - 1:48pm | 197Read More...Shares of J C Penney Company Inc (NYSE: JCP) were trading lower by nearly 2 percent Wednesday afternoon as investors and traders appear to shrug off a notable upgrade by S&P Ratings Services. According to Barron's, S&P Ratings Services upgraded JC Penney's debt rating to B from...
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JC Penney Spikes 12% Following Q4 Beat, Same-Store Sales Growth
Friday, February 26, 2016 - 8:02am | 339Read More...Shares of J C Penney Company Inc (NYSE: JCP) spiked higher by more than 12 percent after the company reported its fourth quarter results. J C Penney said that it earned $0.39 per share in the fourth quarter on revenue of $3.996 billion. Wall Street analysts were expecting the company to earn $0...
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Why Would JC Penney Sell Items For A Penny?
Wednesday, February 24, 2016 - 11:56am | 152Read More...According to a report by The Dallas Morning News, J C Penney Company Inc (NYSE: JCP) will introduce a new sales promotion titled "Get Your Penney's Worth." Appropriately, J C Penney will be selling items for just $0.01. Some items will be sold for just $0.01 with no further...
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JC Penney Exploring A Sale And Partial Leaseback Of Its Headquarters To Reduce Debt
Friday, February 5, 2016 - 1:41pm | 226Read More...Shares of J C Penney Company Inc (NYSE: JCP) were trading higher by more than 0.5 percent on Friday. The company said it's considering a sale and partial leaseback of its corporate headquarter in Texas. JC Penney noted that a combination of "favorable market conditions" and a...
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Why J. C. Penney Had A Huge Start To 2016
Monday, January 4, 2016 - 6:47pm | 226Read More...One retailer had a huge start to 2016. A morning note from Buckingham Group mentioned that J C Penney Company Inc (NYSE: JCP) has been putting competitive pressure on Gap Inc (NYSE: GPS). The analysts, led by David Glick, said JC Penney is among the firm's top buys into earnings. Shares...
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The Day After: 3 Top Analysts Recap JC Penney's Q1 Print
Thursday, May 14, 2015 - 8:44am | 462Read More...J C Penney Company Inc (NYSE: JCP) reported its first quarter results on Wednesday after market close. Here is a recap of what three of Wall Street's top retail analysts had to say. Credit Suisse: JC Penney Continued To Make Progress Michael Exstein commented in a note that JC Penney...
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Buckingham: JC Penney Still Worth $8/Share
Wednesday, April 15, 2015 - 11:14am | 270Read More...In a report published Wednesday, Buckingham Research Group analyst David Glick maintained a Neutral rating on shares of J C Penney Company Inc (NYSE: JCP) with an unchanged $8 price target following the company's first quarter comp sales guidance of 3.5 percent to 4.5 percent. According to Glick,...
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Morgan Stanley Remains Bearish On J C Penney, Lowers Price Target
Thursday, November 13, 2014 - 9:05am | 225Read More...Following J C Penney Company Inc's (NYSE: JCP) third quarter results on Wednesday, Kimberly Greenberger of Morgan Stanley reiterated an Underweight rating on the retailer with a price target lowered to $5.50 from a previous $7.50. "While there were a few positive surprises, J.C. Penney's third...
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Early November Retail Sales Mixed Ahead Of Earnings
Tuesday, November 11, 2014 - 3:34pm | 224Read More...For the first week in November, same-store sales across the United States fell 1 percent when compared to the same week in October but were 3.8 percent higher than the same week a year ago, according to data from Tuesday's Redbook. On the other hand, Tuesday's ICSC-Goldman data showed U...
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Macy's Q1 2014 Earnings Preview
Wednesday, May 14, 2014 - 6:28am | 454Read More...On May 14 at 8:00 am EST, Macy’s (NYSE: M) is expected to release Q1 2014 earnings. Data from the Benzinga Pro Calendar shows estimates for Q1 are $0.60 on $6.47 billion in revenues. In a note on May 12, Paul Trussell of Deutsche Bank reiterated a Buy rating accompanied by a price target of $...
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No Legwork Wednesday – J.C. Penney And The 'No Sale' Debacle
Wednesday, April 16, 2014 - 9:13am | 539Read More...When it comes to retailing, a company’s success depends as much on properly positioning its products as it does on the actual products being offered. That's why many companies sell products at prices which end in $0.99 and $0.95. Someone figured out that selling a product for $3.99 caused...
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What Companies Stand To Benefit From The 86th Academy Awards?
Friday, February 28, 2014 - 1:23pm | 194Read More...With over 40 million viewers, 20 categories and dozens of nominees, this massive ceremony is only glitz and glamour on the surface. Corporate titans are investing tirelessly behind the scenes to make this all possible. Not to be outdone by Sochi's top Olympic ad prices, the cost of this year's...
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Bon-Ton Stores Proves The Value Of Shorting A Stock
Friday, January 17, 2014 - 1:36pm | 324Read More...On December 5, 2013, Bon-Ton Stores (NASDAQ: BONT) closed at $17.51. That day, Benzinga published an article, "3 Reasons to Short Bon-Ton Stores." Bon-Ton Department Stores is now trading around $12.40 a share. It is off by well over 30 percent for the last month of market action. The reasons...
