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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:39 EDTJCPSadove: J.C. Penney has 'sense of momentum,' CNBC reports
In an interview with CNBC, J.C. Penney (JCP) director Steve Sadove said he doesn't believe CEO Mike Ullman will stay long-term. Sadove also commented that there's "not a chance" he will become the CEO of J.C. Penney. He says double-digit sales gain are "realistic" over time. Thefly notes that Sadove is the former CEO of Saks.
News For JCP From The Last 14 Days
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January 21, 2015
12:12 EDTJCPBest Buy, home retailers seen getting biggest bump from Sears demise
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January 20, 2015
06:22 EDTJCPJ.C. Penney to bring back 120-page catalog, WSJ reports
J.C. Penney has decided to resurrect its catalog in the form of a 120-page book that will mark the first catalog the chain has sent out since 2010, The Wall Street Journal reports. The retailer, which quit the catalog amid a broader pullback caused by the recession and the rise of e-commerce, now believes the catalog can help drive web sales. Reference Link

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