J.C. Penney Company, Inc. Holding Company (JCP) News

J.C. Penney Company, Inc. Holding Company (JCP): $0.18

-0.05 (-23.02%)

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Latest JCP News From Around the Web

Below are the latest news stories about J C Penney Co Inc that investors may wish to consider to help them evaluate JCP as an investment opportunity.

JC Penney plans to close more than 240 stores


ABC News | May 18, 2020

Thinking about buying stock in J C Penney, Carnival Corp, Southwest Airlines, Tesla, or Hexo Corp?

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….

PR Newswire | May 18, 2020

JCPenney's bankruptcy is the latest sign that department stores as we know them are dead

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...

Business Insider | May 18, 2020

Troubled JC Penney to close 242 stores in Chapter 11 bankruptcy

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.

United Press International | May 18, 2020

Iconic 118-year-old chain JC Penney files for bankruptcy, as retail sales plunge further than predicted

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.

The Independent | May 16, 2020

Department store JC Penney forced to file for bankruptcy

The financial pressure of the coronavirus pandemic has forced US department store chain JCPenney to file for bankruptcy protection.

Sky News | May 16, 2020

US department store JC Penney files for bankruptcy

The 118-year-old company has warned stores will close as a result of the filing.

BBC | May 16, 2020

Coronavirus forces iconic 118-year-old US department store JC Penney into bankruptcy - ABC News

The coronavirus pandemic's impact on the US economy forces the storied, 118-year-old department store chain into bankruptcy, and it is unlikely to be the last major retailer hit.

Australian Broadcasting Corporation | May 16, 2020

JC Penney's future depends on what happens over the next two months

J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company amidst a pandemic.

CNBC | May 16, 2020

Bankrupted JC Penney plans to spin its properties into separate real estate company

A piece of J.C. Penney's proposal to emerge from bankruptcy includes spinning its real estate into a real estate investment trust.

CNBC | May 16, 2020

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