JCP News and Press, J.C. Penney Company Inc. From 04/15/20

Citing anonymous sources yesterday, Reuters reported  J.C. Penney (NYSE: JCP) is investigating a Chapter 11 filing. The major retailer would become the first to file bankruptcy as a result of the coronavirus pandemic. While the company still has a sizable cash reserve, all of its 850 st...

A retail sector already hobbled by falling sales, lower customer traffic, and too many stores is now on the verge of being pushed over the edge. The coronavirus pandemic, which has shut down all nonessential business  (a category into which most retailers fit), may cause many of the weake...

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 (click the highlighted links). During the White House coronavirus briefing , President Trump says he could start speaking with state...

Concerns about a long period of store closings has J.C. Penney (NYSE: JCP ) exploring filing for bankruptcy protection, sources tell Reuters. More news on: J. C. Penney Company, Inc., Consumer stocks news, Stocks on the move, Read more ...

Bloomberg reported on Monday that struggling retailer J.C. Penney (NYSE: JCP) has hired the services of AlixPartners LLP, a consulting firm perhaps best known for steering companies through turnarounds and bankruptcies. The retailer has not publicly confirmed the claim. Bloomberg's...

I've just wrapped up my second four-day work week, and I've been pondering all week what to touch on for my third installment in my Furloughed Ideas series. Until at least the end of April and possibly longer, my goal is to take advantage of my shorter work week by writing on portions of my po...

J.C. Penney ( JCP -5.2% ) is reportedly talking to AlixPartners LLC about various liquidity options. More news on: J. C. Penney Company, Inc., Consumer stocks news, Read more ...

Moody's drops the credit default rating on J.C. Penney ( JCP -5.4% ) to Caa3 and shifts to a Negative outlook. More news on: J. C. Penney Company, Inc., Consumer stocks news, Read more ...

Retail has faced some unique pressures over the past few years. The rise of digital and push toward omnichannel selling has essentially separated retailers into three classes. There's a group of clear winners, including Walmart (NYSE: WMT) , Target (NYSE: TGT) , Costco (NASDAQ: COST) ,...

In this episode of Market Foolery , Chris Hill and Motley Fool contributor Dan Kline look at some headlines from Wall Street, including a closer examination of unemployment numbers and why Luckin Coffee  (NASDAQ: LK) stock dropped. A prominent cruise liner took on new debt and a major...