The retailer's stock has soared this year, and there are two big reasons it could keep rising over the long term.
Aside from a few hiccups the department store chain's turnaround remains on track
J.C. Penney failed to grow sales during the third quarter, and store traffic continued to decline. Here's what it means for the troubled retailer.
The once-vibrant, traditional department stores like Sears and J.C. Penney, which used to drive 70% of total shopping center traffic, now only drive 25% – 30%. As a result, shopping centers Read on! ?
Some retailers have announced they’ll be open Thanksgiving Day, while others proclaim they’ll be closed. Kmart, J.C. Penney, Toys R Us and Walmart are all opening their doors on Thanksgiving this year, but that doesn’t mean everyone is asking workers to report for Black Friday duty a day early. At least 13 large retailers have...
Department store chain's recovery stalls, though it's still moving in the right direction for the fourth quarter and beyond
Despite a lower-than-expected loss, revenues that missed the mark have investors putting the stock on clearance
(Reuters) - J.C. Penney Co Inc reported a smaller quarterly loss as a 12 percent drop in operating expenses boosted margins. The company said net loss narrowed to $188 million, or 62 cents per share, in the third quarter ended Nov. 1 from $489 million, or $1.94 per share, a year earlier. Show More Summary