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Stock Market & Financial Investment News

News Breaks
March 14, 2013
11:56 EDTJCPJ.C. Penney challenging Uniqlo, Zara with launch of Joe Fresh, Bloomberg reports
J.C. Penney (JCP) will tomorrow launch Joe Fresh shops in 681 of its 1,100 stores, and will compete with fast-fashion retailers like Uniqlo and Zara, Bloomberg reports. The launch will be a test of CEO Ron Johnson's strategy to turn most of the company's locations into collections of boutiques. Reference Link
News For JCP From The Last 14 Days
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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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