JCP News and Press, J.C. Penney Company Inc. From 12/09/19

Last month, Macy's ( M ) released another weak earnings report. The retailer reported a 3.5% decline in comparable store sales, breaking a seven-quarter streak of comp sales growth. Profit declined significantly, and Macy's cut its full-year guidance for the second consecutive quarter. Of ...

Earlier this year, struggling retail REIT CBL & Associates ( CBL ) suspended its common dividend for two quarters to help fund a class action settlement. However, CBL continued to pay dividends on its preferred shares. Moreover, at the time, management said the REIT would likely resume d...

This past spring, I demonstrated why Washington Prime ( WPG ) stock was a good short sell candidate when it was trading at $5.60. Shares proceeded to drop nearly 50% in ensuing months as the lower-tier brick and mortar malls have continued to struggle. Despite ongoing poor operating res...

Plano, Texas, Dec. 03, 2019 (GLOBE NEWSWIRE) -- J. C. Penney Company, Inc. (NYSE: JCP) today announced Karl Walsh, an executive with more than 18 years of eCommerce expertise, joined the Company on Dec. 2 as senior vice president, chief digital officer, to lead strategic advancements of the...

J.C. Penney (NYSE: JCP ) is back in compliance with the NYSE's share price listing requirement after averaging a minimum average closing price of $1.00 over a 30-day trading period. More news on: J. C. Penney Company, Inc., Consumer stocks news, Read more ...

Amazon (NASDAQ: AMZN) has changed consumer expectations around product shipping. The online retailer has made its paid Prime membership , which includes free two-day (and sometimes one-day) shipping, so ubiquitous that its rivals have generally given up any hope of charging for shipping ord...

A quirk of the calendar means there are six fewer days between Black Friday and Christmas Day this year than there were in 2018. The last time there were only 26 days to score big sales was in 2013, and retailers panicked, pushing "holiday creep" to its limits by offering sales earlier than ever...

It's not entirely accurate to say the retail apocalypse remains in full swing. Though plenty of stores are still closing, a handful of chains are expanding again. Total consumption, as measured in dollars, is actually on the rise. One segment of retail remains under siege, though: the departm...

Macerich ( MAC ) is one of the many mall REITs that has faced severe selling pressure due to the upheaval sweeping across the retail industry. Adjusted FFO per share peaked in 2016 at $4.07. Since then, a series of asset sales and bankruptcies of major tenants have caused adjusted FFO per ...

It may be hard to believe, but Black Friday is just around the corner. The shopping holiday that traditionally kicks off the holiday season is often the biggest day for retailers , and the holiday season, lasting from Thanksgiving to Christmas, is the most important time of year in the industry...