J.C. Penney Company, Inc. Holding Company (JCP) Company Bio
J. C. Penney Company, Inc. sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating. The company was founded in 1902 and is based in Plano, Texas.
NEW YORK, May 18, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for JCP, CCL, LUV, TSLA, and HEXO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link….
JCPenney filed for bankruptcy after being forced to temporarily close all of its locations in response to the coronavirus pandemic. But department stores like JCPenney have faced challenges for years, with declining mall foot traffic and competition from off-price retailers. JCPenney has also had significant executive turnover and a series of missteps. Visit Business Insider's homepage for more stories . JCPenney filed for Chapter 11 bankruptcy protection on May 15, the latest retailer to succumb to pressures created by the coronavirus pandemic. In its bankruptcy filing, the 118-year-old department store specifically mentioned temporary store closures and other pandemic-related business disruptions as ultimately making Chapter 11 necessary. "Having endured and played a vital role in Ame...
Big-box retailer JC Penney will close almost one-third of its U.S. store locations as part of a Chapter 11 bankruptcy restructuring plan that the company hopes will avoid an all-out liquidation of assets.
JC Penney, once an anchor tenant of malls across America, has filed for bankruptcy protection, the latest retailer to do so in the devastating economic wake of the coronavirus pandemic. News of the bankruptcy comes as data released on Friday showed US consumer spending plummet a record 16.4 per cent in April — more than had been expected.