|Bid||0.0000 x 900|
|Ask||0.0000 x 900|
|Day's range||0.1670 - 0.2325|
|52-week range||0.1112 - 1.2600|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||N/A|
|Earnings date||22 May 2020 - 28 May 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 Apr 2012|
|1y target est||0.65|
Dollar store sales are rocking during the COVID-19 pandemic.
JCPenney (OTCMKTS: JCPNQ) has reopened its doors at 150 stores in 27 states, bringing the total to 304 reopened stores nationwide.
Don't expect safety measures will fall by the wayside at Target once life gets back to some form of normal after the COVID-19 pandemic. Here's what Target's chairman and CEO Brian Cornell told Yahoo Finance.
Target Chairman and CEO Brian Cornell weighs in on the state of the retailer amidst the coronavirus pandemic in a Yahoo Finance interview.
JCPenney (OTCMKTS: JCPNQ) today announced a significant enhancement to its home merchandise division with the launch of its Linden Street brand.
Yahoo Finance chats with Walmart U.S. CEO John Furner about the state of the world's large retailer amidst the COVID-19 pandemic.
Walmart continues to push forward with opening coronavirus testing sites at its stores.
Amazon.com (NASDAQ: AMZN) always seems to be rumored to be acquiring something, but could the bankruptcy of J.C. Penney actually result in a deal being made? Industry site WWD reports anonymous sources saying the e-commerce giant has boots on the ground in Plano, Texas, the department store's hometown, and is negotiating with the retailer. Whether Amazon makes a deal or not, and regardless if it's for part of the company or the whole thing, there is some good sense in it.
While apparel retailer J.C. Penney (NYSE: JCP) may have bought itself a little time with its Chapter 11 bankruptcy filing, a countdown is still looming on its planned exit from Chapter 11 in November. As it works to avoid liquidation, the company is reopening more than 150 of its outlets this week, along with moving forward with its plans to put some of its properties into a real-estate investment trust, or REIT. A strict timetable governs J.C. Penney's efforts to dodge liquidation.
The retail industry players that managed their businesses well by leveraging technology amid this chaotic environment are likely to survive the unprecedented crisis.
As department store chain J.C. Penney (NYSE: JCP) begins dealing with the aftermath of declaring bankruptcy last weekend, sources have told Women's Wear Daily the troubled retailer may be in acquisition talks with Amazon.com (NASDAQ: AMZN) representatives. According to reports late yesterday, one source claimed, "there is an Amazon team in Plano as we speak," referring to the Texas city where J.C. Penney is headquartered. An acquisition might be in the cards, with the same source stating, "There is a dialogue and I'm told it has a lot to do with Amazon eager to expand its apparel business — for sure."
Declaring Chapter 11 bankruptcy after devastating sales losses to COVID-19 deepened its already existing troubles, department store chain J.C. Penney (NYSE: JCP) says it intends to close a greater number of stores than it originally meant to. J.C. Penney is closing underperforming outlets by preference, noting that the 71% of stores remaining open generated 82% of 2019's revenue. It added, "as part of its ongoing transformation, JCPenney will reduce its store footprint to better align its business with the current operating environment."
J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection. The Plano, Texas, retailer said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that. Penney filed for bankruptcy reorganization on Friday, making it the biggest retailer to do since the coronavirus pandemic forced them to shut down all stores temporarily.
Yahoo Finance catches up with V.F. Corp CEO Steve Rendle to discuss how the owner of Timberland and Vans is navigating the chopping retail environment.
The stores to stay open accounted for 82% of the company's fiscal 2019 sales, J.C. Penney said. J.C. Penney, which is looking to cut costs to remain afloat, plans to reorganize and emerge from bankruptcy proceedings after eliminating several billion dollars of debt.
J. C. Penney (JCP) focuses on lowering debt and strengthening financial position. Recently, it entered into a restructuring support agreement.
J.C. Penney, which filed for bankruptcy on Friday, has started reopening some of its more than 800 stores in stages, but concerns remain that customers might be slow to return amid health concerns and job losses not seen since the Great Depression. The concern for J.C. Penney's precarious position was echoed by U.S. Bankruptcy Judge David Jones, who approved the company's requests to continue paying workers and vendors delivering merchandise to stores during a hearing following the retailer's bankruptcy filing in a federal court in Corpus Christi, Texas.
J. C. Penney Company, Inc. has received "First Day" motions approvals from the U.S. Bankruptcy Court for the Southern District of Texas.