JCP News and Press, J.C. Penney Company Inc. From 04/16/20

Thursday was actually one of the calmer days in the stock market in recent memory. As of 3 p.m. EDT, the Dow Jones Industrial Average was down by 0.3% and the S&P 500 had risen by 0.2%. There were no exciting moves in the market as a whole. Real estate investment trusts , or REITs, tha...

Ulta Beauty (NASDAQ: ULTA ) is seen as a beneficiary if J.C. Penney (NYSE: JCP ) pulls the bankruptcy lever. More news on: Ulta Beauty, Inc., J. C. Penney Company, Inc., Consumer stocks news, Read more ...

The coronavirus pandemic appears to have pushed already damaged J.C. Penney (NYSE: JCP) to potentially seek Chapter 11 bankruptcy protection. If that happens, the company would attempt to restructure its debt and keep some of its stores open (perhaps even most). These reports aren't surpr...

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 . U.S. stock futures wavered between gains and losses of about 1% overnight as traders prepared for the newest measures aimed at res...

The markets were down on Wednesday morning, with the Dow dropping more than 600 points by noon. As Yahoo Finance’s homepage put it, that was due to “grim economic, earnings data.” As if we were expecting something positive from retail when most physical stores are shut...

J. C. Penney ( JCP ) appears to be headed towards bankruptcy after entering a 30-day grace period for the April 15th interest payment on its 6.375% Senior Notes due 2036. J. C. Penney had needed a good economy to have a chance at long-term survival, but what happened is worse than any scenar...

J. C. Penney CEO Jill Soltau. Source: Barron's The coronavirus has led to social distancing, which has led to millions of people being out of work. Most of their purchases are now being done online. J. C. Penney's ( JCP ) revenue has fallen sharply amid the pandemic. Chatter suggests the c...

Squeezed between declining revenue and $4 billion in debt, J.C. Penney (NYSE: JCP) bought itself some additional time to explore its alternatives by declining to pay the $12 million interest due on its 2036 bonds today. The company's activation of a 30-day grace period means it doesn't immed...

Shares of several brick-and-mortar retail chains opened lower on Wednesday, as investor concerns about the impact of extended store closings were magnified following a Reuters report that J.C. Penney (NYSE: JCP) is considering bankruptcy. Here's where things stood for these four stocks as o...

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...