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Stock Market & Financial Investment News

News Breaks
November 13, 2012
10:48 EDTJCPFitch downgrades J.C. Penney's IDR to B, outlook negative
Fitch Ratings has downgraded its Issuer Default Ratings on J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. to 'B' from 'BB-'. The Rating Outlook is Negative. The rating downgrades reflect dismal third quarter performance, where sales declines continued to accelerate, and Fitch's concern that top line will likely get worse during the critical holiday season when promotional events tend to pick up to drive traffic. For 2013, there is a lack of visibility in terms of the company's ability to stabilize its core business, which currently accounts for 90% of its footprint. It remains unclear whether the new shops and merchandise offering can offset any continued declines in the existing business in second half 2013.
News For JCP From The Last 14 Days
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May 4, 2015
11:32 EDTJCPStocks with call strike movement; JCP RIG
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May 1, 2015
11:35 EDTJCPStocks with call strike movement; JCP CHK
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April 29, 2015
10:43 EDTJCPJ.C. Penney grows Sephora presence with 25 new locations, 6 expansions
Starting May 1, JCPenney will introduce SEPHORA to 25 additional stores, enabling the global beauty retailer to enter new and smaller markets, while expanding JCPenney's reach as a premier destination for beauty. Since the exclusive partnership launched in 2006, more than 500 JCPenney stores now feature a full-service SEPHORA offering. In addition to the grand openings, six existing SEPHORA inside JCPenney shops will expand to meet the high customer demand for prestige cosmetics and beauty products. Expanded locations will represent an average of 3,000 total square feet of space dedicated to SEPHORA merchandise and SEPHORA Beauty Studios.
April 28, 2015
16:50 EDTJCPJ.C. Penney appoints Mary Beth West as Chief Customer & Marketing Officer
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April 24, 2015
15:10 EDTJCPJ.C. Penney May volatility elevated into Q1 and outlook
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