J.c. Penney Closing Stores

PLANO, Texas (TheStreet) -- J.C. Penney said Monday it plans to close certain underperforming stores and wind down its catalog and outlet operations.
The retailer plans to close five JCPenney department stores across the U.S. and one JCPenney Home Store in Duluth, Ga. "These six locations no longer meet the company's profitability threshold," J.C.

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ASK NEWS:
  • Stocks-markets: Aug. 2, Wayne and Holmes counties, Ohio - Wooster Daily Record
    4:00AM FRIDAY CLOSING STOCK QUOTES BY WELLS FARGO ADVISORS ... Paper 47.45 JC Penney 9.63 Key Corp. 13.35 Lowes 47.59 Merck & Co., Inc. 56.80 ...
    08/2/2014 - 5:45 am | View Link
  • Stocks-markets: Aug. 1, Wayne and Holmes counties, Ohio - Wooster Daily Record
    THURSDAY CLOSING STOCK QUOTES BY WELLS FARGO ADVISORS ... Paper 47.50 JC Penney 9.38 Key Corp. 13.54 Lowes 47.85 Merck & Co., Inc. 56.74 ...
    08/1/2014 - 5:03 am | View Link
  • Stocks-markets: July 31, Wayne and Holmes counties, Ohio - Wooster Daily Record
    4:00AM WEDNESDAY CLOSING STOCK QUOTES BY WELLS FARGO ... Paper 48.22 JC Penney 9.38 Key Corp. 13.74 Lowes 48.47 Merck & Co., Inc. 58.08 ...
    07/31/2014 - 8:19 am | View Link
  • High bid for DeSoto Square mall: $33.75 million - Southwest Florida Herald Tribune
    ... on Wednesday and Thursday before closing at $33.75 ... to the extension, Macy's lease would have expired April 15, 2015. JC Penney added five ...
    07/31/2014 - 7:54 am | View Link
  • Stocks-markets: July 30, Wayne and Holmes counties, Ohio - Wooster Daily Record
    4:00AM TUESDAY CLOSING STOCK QUOTES BY WELLS FARGO ADVISORS ... Paper 48.86 JC Penney 9.23 Key Corp. 13.61 Lowes 48.04 Merck & Co., Inc. 58.58 ...
    07/30/2014 - 9:46 am | View Link
  • More
BING NEWS:
  • J.C. Penney: A Model For Valuing Store Closures
    J.C. Penney (NYSE:JCP) recently received a boost from a JPMorgan report that discussed the likelihood of additional store closures and estimated that closing 100 stores would result in a $150 million improvement in EBITDA, and a $3 per share increase in ...
    08/29/2014 - 2:07 pm | View Link
  • JP Morgan: J.C. Penney Stands At 'Pivotal Crossroads'; Now A Good Time To Buy Shares
    we layout an EBITDA accretive restructuring road-map using J.C. Penney's 33 store closings in fiscal 2014 as a base ($65 million of cost savings) with our pro-forma analysis pointing to an EBITDA dropdown of ~$1.5 million per store (ex one-time closing ...
    08/25/2014 - 4:01 pm | View Link
  • J C Penney Company (JCP) Rallies After JPM Says Buy
    Closing 100 J C Penney stores would add $150 million to EBITDA, says Boss The core of Boss’s argument is that he thinks a large-scale restructuring with 100+ store closing is both likely and a smart move for J C Penney Company Inc (NYSE:JCP) as it works ...
    08/25/2014 - 1:49 pm | View Link
  • Should J.C. Penney close 300 more stores?
    Can J.C. Penney close its way to prosperity ... increasing its profits by getting rid of a LOT more stores than the 33 it already announced it was closing back in January. Boss estimates that if the retailer shuttered 300 of its nearly 1,100 stores ...
    08/25/2014 - 1:45 pm | View Link
  • Why Is J.C. Penney Rallying?
    $14 equity value for 100 store closing all else held constant. J.P. Morgan’s free cash flow analysis likewise depends on J.C. Penney closing more stores. The cash savings from shuttering another 100 stores would be used to pay down near-term debt of $200 ...
    08/25/2014 - 8:24 am | View Link
  • More
BING SEARCH:
  • JCP: Summary for J.C. Penney Company, Inc. Holdi- Yahoo ...
    View the basic JCP stock chart on Yahoo! Finance. Change the date range, chart type and compare J.C. Penney Company, Inc. Holdi against other companies.
    08/30/2014 - 10:48 pm | View Website
  • J C Penney Company Inc
    J C Penney Company Inc, JCP real time stock quotes, news, videos at CNBC.com
    08/30/2014 - 10:19 pm | View Website
  • JCP Stock Price & News
    J.C. Penney Co. Inc. Stock - JCP news, historical stock charts, analyst ratings, financials, and today’s J.C. Penney Co. Inc. stock price.
    08/30/2014 - 7:13 pm | View Website
  • J. C. Penney
    J. C. Penney Company Inc., known as JCPenney (JCP and Penney's for short), is a chain of American mid-range department stores based in Plano, Texas.
    08/30/2014 - 10:09 am | View Website
  • Here's A List Of The J.C. Penney Stores That Are Closing
    J.C. Penney announced Wednesday the company will close 33 of its stores, resulting in about 2,000 job cuts. It still plans to open a new store in Brooklyn ...
    01/23/2014 - 6:51 pm | View Website
  • More
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