By Amal Singh : There is no doubt about the fact that J.C. Penney (NYSE: JCP ) is getting better. The company's numerous strategies to bring shoppers back to its stores seem to be working, as evidenced by a rise in its same-store sales in the second quarter. Moreover, investors have recognized that Penney ' s turnaround strategy is delivering results, as the stock is beating the market so far this year by appreciating more than
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...
By Renu Singh : J.C. Penney ' s (NYSE: JCP ) turnaround is going along at ..... troubles. Driving more traffic Penney ' s promotion and discounts are helping ..... younger and wealthier shoppers into Penney ' s stores. As such, despite a weak
by middle-class Americans, J.C. Penney ' s core customers.Despite bringing back ..... hard to win back.We believe J.C. Penney ' s cash flow and liquidity are sufficient ..... shocks or problems has increased with Penney ' s thin or negative operating margins. J
JPMorgan tees up J.C. Penney (NYSE: JCP ) as a Long Trade Idea. The investment firm thinks JCP will announce a restructuring this fall ..... JP was cautious heading into J.C. Penney ' s Q2 report, but emerged confident on the ..... with Q3 channel checks looking promising. JCP +2.4% premarket 1 comment!
By Achilles Research : That's right. The time of cognitive dissonance is over: After J.C. Penney (NYSE: JCP ) delivered a fantastic first quarter with strong comparable store sales growth, second quarter results were equally impressive ..... little difference: Investors are no longer as pessimistic as they were about the retailer in the first quarter. J.C. Penney ' s first quarter results caused significant cognitive dissonance for investors as the company hugely outperformed sales expectations
By Bargain Bin : Retailer J.C. Penney (NYSE: JCP ) reported its second quarter results after the market closed on August 14, and while the stock initially jumped by as much as 15% after hours, the results were mixed at best. I stated in a previous article that J.C. Penney ' s turnaround was still a long shot, and while some progress was made by the company during the second quarter, there's still
By Renee Butler : J.C. Penney ( JCP ) is soaring in trading Thursday. The stock rose over 4% in normal trading and over 3% in after-hours trading. The boost ..... price has lost significant ground over the past three years and there is no cause to think that aspect will change. J.C. Penney ' s improvement in its bottom line and small increase in same store sales quarter over quarter does not change the fact that the
Aug 14 (Reuters) - Department store chain J . C . Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry.
JCPenney ’s 10-Q report filed on Dec. 5 contained ..... disclosures and share movements highlight that JCPenney shares are a highly speculative investment ..... the end of September stock offering, JCPenney 's management had stated publicly that