JCP News and Press, J.C. Penney Company Inc. From 03/23/20

The global coronavirus pandemic has placed enormous pressure on even financially healthy businesses, but for ailing outfits like J.C. Penney (NYSE: JCP), the outbreak could be the kiss of death. Sales were in a tailspin before the outbreak began forcing state and local governments to issue ...

In this episode of Market Foolery , Mac Greer and Motley Fool contributor Dan Kline go through some of today's business headlines. Congress debates a stimulus for businesses and Americans, and we explore some aspects of the package and our thoughts on that. Additional topics: To catch full e...

J.C. Penney (NYSE: JCP ) pulls its previously-issued guidance due to the coronavirus pandemic and says it won't be providing an update at this time. More news on: J. C. Penney Company, Inc., Consumer stocks news, Stocks on the move, Read more ...

In this episode of  Industry Focus: Consumer Goods , Motley Fool analyst Emily Flippen and Motley Fool contributor Dan Kline take a look at what's happening with retail. Which companies/sectors are going to be impacted the most by the pandemic? What are some crazy valuations? What can you...

J.C. Penney Company, Inc. ( JCP ) is a well-known but troubled US department store whose stock has been trading around 50 cents per share as I write this article. The question I am reviewing is not whether the company is finding a way to a profitable turnaround (it hasn't), but how its finan...

J. C. Penney Company, Inc. (NYSE: JCP) today announced that in response to the evolving global Coronavirus (COVID-19) pandemic, it will temporarily close its stores and business offices, starting today at 7 p.m. local time. The stores and business offices are scheduled to reopen April 2. ...

With so many businesses closing down over the novel coronavirus, there is a lot of talk about a recession. We've seen states shut down nonessential businesses, and plenty of employees are now working from home. Those who aren't so lucky might be out of the workplace and off the job for a while. ...

J. C. Penney ( JCP ) is in a vulnerable position as a heavily-indebted department store retailer that is trying to turn around its business. It had already forecast -3.5% to -4.5% comparable store sales for the year, but the coronavirus crisis could easily push this to negative high-single dig...

For a handful of retailers, the coronavirus has been a sales blessing --  Costco , Walmart , Target , and Amazon have all seen customers flood their physical and digital stores as they stock up for what may be weeks or months. These chains, as well as grocery stores and pharmacies, have...

Stopping the spread of coronavirus requires social distancing. That is, avoiding being around other people as much as possible. That's really bad news for retailers like J.C. Penney (NYSE: JCP) that sell merchandise that's not entirely essential during the current crisis. You can, of course...