JCP News and Press, J.C. Penney Company Inc. From 01/16/20

Retail sales for December topped expectations and were higher nearly across the board except for the bruised-up department store category. More news on: Macy's, Inc., J. C. Penney Company, Inc., Dillard's, Inc., Consumer stocks news Read more ...

A Decade of Failed Acquisitions Ascena ( ASNA ) is the proud owner of once iconic but now struggling retail brands Ann Taylor, LOFT, and Lane Bryant. Like owners of other "lofty" retail brands - Ascena is not immune to the impact of the rise of Amazon (AMZN) and specialty fashion e-commerce ...

If the idea rings a bell, it may be because the prospect of e-commerce behemoth Amazon.com (NASDAQ: AMZN) acquiring brick-and-mortar outfit Kohl's (NYSE: KSS) first surfaced in 2017. Neither name floated the premise then, but plenty of other people did. Amazon had just purchased Whole Fo...

The SPDR S&P Retail ETF ( XRT -0.5% ) is trailing broad market averages today after Target guides low with its forecast for Q4 comparable sales (+1.4% vs. +3.8% consensus) and cites softness in the electronics, toys and home categories. More news on: SPDR S&P Retail ETF, Best B...

J.C. Penney's ( JCP ) holiday sales performance wasn't strong, but one couldn't really say that its performance has fallen off of its previous trajectory. The problem for J.C. Penney is that there is no evidence yet that it is on the new trajectory it needs, which is a rapid return to positi...

Bed Bath & Beyond 's (NASDAQ: BBBY) stock recently plunged after the retailer delivered dismal third-quarter numbers. Its revenue fell 9% annually to $2.76 billion, missing estimates by $90 million, as its comparable store sales slid 8.3%. Its adjusted net loss widened from $2.7 mill...

Source: Forbes Several retailers were looking forward to a strong holiday season. J. C. Penney ( JCP ) bulls may not be so happy after the retailer reported a decline in holiday sales: J. C. Penney Company, Inc. announced today that its comparable store sales for the combined nine-wee...

J.C. Penney (NYSE: JCP) closed the third quarter with $8.69 billion in assets and $8.69 billion in liabilities. That puts the company in a very tough position, as it lacks the cash needed to make a major transformation. Its one hope -- albeit an improbable one  -- was that the holiday ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . The Labor Department's closely watched monthly employment report this morning could buttress the Fed's assessment that both the ec...

J.C. Penney's ( JCP ) holiday sales update was a bit disappointing. Although J.C. Penney reaffirmed its 2019 guidance, it had a pretty low bar to reach to make that guidance. Macy's (M) noticeably improved holiday results (compared to Q3 2019) raised hopes that J.C. Penney could deliver si...