JC Penney Co Inc
Latest JC Penney Co Inc News and Updates
JCPenney Used to Sell Major Home Appliances — Selection Is Limited Now
Is JCPenney Going Out of Business? Company Is Down, Not Out Yet
JCPenney: Insight into Its Roller Coaster Journey
This series on JCPenney will provide insight into the company’s business and its turnaround strategy, key growth initiatives, stock price movement, and valuation.
The Outlook for JCPenney Beyond Chapter 11 Bankruptcy Remains Uncertain
Key Department Store Stocks Underperform in the Market
As of September 4, department store stocks for Macy’s fell by 11.1% since the start of 2015. Despite 1H15 sales growth, Nordstrom’s stock also fell by 7%.
Why market reactions to the China-Vietnam tensions are mixed
Though the recent tensions in the South China Sea seem to have gathered much attention, the markets don’t seem to have factored in the conflict.
What Impacted JCPenney’s Fiscal 4Q16 Sales?
JCPenney (JCP) expects its same-store sales growth in fiscal 2017 to range from -1.0% to 1.0%.
Why Most Analysts Have ‘Hold’ Ratings on Nordstrom
On August 2, 2016, Nordstrom’s (JWN) stock price had fallen by 18.7% to $40.74 on a YTD (year-to-date) basis.
Kohl’s Stock Fell 18.8% on News of Weak Fiscal 4Q15 Sales
As of February 4, 2016, 14 of the 24 analysts covering Kohl’s have a “hold” recommendation for the stock, eight analysts have a “buy” recommendation, and two analysts gave a “sell” recommendation.
Will Macy’s and Its Peers Rejoice This Holiday Season?
According to data released by the NRF (National Retail Federation) on December 14, 2016, retail sales rose 5.0% on a year-over-year basis in November.
Consumer Sentiment Is down in March after 11-Year High
The Consumer Sentiment Index for March 2015 declined to 93 from 95.4 in the month of February due to slightly higher gas prices and bad weather.
How JCPenney’s Sales Fared in Fiscal 4Q17
JCPenney’s (JCP) sales grew 1.8% in fiscal 4Q17 but missed analysts’ consensus estimate by 0.4%.
Department Stores on the Street: What the Analysts Recommend
Most department stores, including JCPenney (JCP), Macy’s (M), Nordstrom (JWN), and Kohl’s (KSS), have consensus “hold” ratings for their respective stocks.
Analyzing JCPenney’s Margins in Fiscal 2Q17
JCPenney’s (JCP) gross margin fell by 200 basis points to 35.1% in fiscal 2Q17—compared to 37.1% in fiscal 2Q16.
Johnson Redbook Index Reflects Sluggish US Same-Store Sales
Subdued US same-store sales are not a favorable indicator for department stores. In 1Q15, which ended May 2, 2015, Macy’s (M) reported a 0.7% fall in same-store sales.
Macy’s Investors Disappointed in 2015: Stock Falls More Than 46%
Macy’s (M) stock price has fallen a whopping 46.7% this year. On December 21, 2015, Macy’s share price fell to $35.02. It touched its 52-week low of $34.50 on December 17.
How Macy’s Plans to Boost Its Future Sales
Sales under pressure As discussed earlier in this series, Macy’s sales continued to fall for the seventh straight quarter in 3Q16. In 3Q16, which ended on October 29, 2016, Macy’s same-store sales fell 3.3% on an owned basis. The company’s same-store sales fell 2.7% in the quarter on an owned plus licensed basis. Macy’s is […]
Comparing Macy’s Valuations to Its Peers’
In this article, we’ll use the 12-month forward PE (price-to-earnings) ratio to assess Macy’s current valuation and compare it with its peers’.
Must-know update: DE Shaw increases its position in Sears Holdings
DE Shaw increased its position in specialty retailer Sears Holdings (SHLD) from 0.01% to 0.07% in 4Q 2013.
Kohl’s, JCPenney Slide amid Weak Holiday Sales
Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.
Will Kohl’s Q1 Results Reflect Its Plight amid COVID-19?
Kohl’s will likely report its first-quarter results on May 19. The mid-tier department store chain temporarily closed its stores starting on March 19.
TJX Companies: Pricing Strategy Benefits US Sales in 2Q16
In the first six months of fiscal 2016, HomeGoods accounted for 12.2% of the consolidated net sales of TJX Companies. That’s up from 11.2% in the comparable period of the previous year.
Analysts Downgrade Macy’s Stock on Weak Outlook
Bank of America Merill Lynch downgraded Macy’s stock to an “underperform” after the department store reported weak holiday sales.
Fall in Jobless Claims Might Benefit Department Stores
Initial jobless claims for the week ending June 13 came in at 267,000 on a seasonally adjusted basis—better than consensus economists’ estimate of 275,000.
Conference Board Indicates Upbeat Consumer Confidence in March
In March, the Consumer Confidence Index surged to 101.3. In February, it dropped to 98.8 from 103.8 in January. The CSI fell to 93.0 from 95.4 in February.
Sears Has a Shot at Survival Only if Lampert’s Bid Gets Approval
Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons.
Why JCPenney Considers Its Private Brands to Be Vital
JCPenney (JCP) considers its private brands as key sales drivers. Some of the company’s popular private brands are St. John’s Bay, Arizona, Okie Dokie, Total Girl, and Xersion.
JCPenney’s Bottom Line Continued to Improve in 2Q16
JCPenney’s strategic initiatives helped improve its bottom line in all of the quarters in fiscal 2015 and in 1Q16. IJJ has 0.4% exposure to JCPenney.
JCPenney Gets Sporty, Partners with Fanatics
On June 7, JCPenney (JCP) announced its partnership with Fanatics—a leading licensed sports merchandise retailer.
Why Nordstrom Stock Fell on July 10
Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets to “sector weight” from “overweight.”
JCPenney’s Stock Up by 42% in 2016 as Analysts See More Upside
Of the 26 analysts covering JCPenney’s stock, 11 analysts have a “buy” recommendation and 11 analysts have a “hold” recommendation. Four analysts have issued a “sell” rating.
Why JCPenney Stock Rallied in the First Half of 2015
The rise in JCPenney stock is influenced by its improved financials and renewed expectations about growth prospects. In fiscal 2014, JCPenney reported same-store sales growth of 4.4%.
Macy’s Valuation Falls in Reaction to Its 1Q17 Results
Macy’s (M) 12-month forward PE (price-to-earnings multiple) fell 15.1% to 7.2x on May 11, 2017, in reaction to its disappointing 1Q17 performance.
JCPenney: Why Most Analysts Rate the Stock a ‘Buy’
As we mentioned in Part 1 of this series, JCPenney’s (JCP) stock has risen 24.7% since the start of the year to $8.69 as of June 28.
ETFs with holdings in Macy’s: How should I invest?
Some ETFs with holdings in Macy’s include one of the most popular ETFs in this category, the Consumer Discretionary Select Sector SPDR Fund (XLY).
Can Target Save Toys R Us from the Retail Graveyard?
Target has just announced a partnership with Toys R Us parent company Tru Kids Brands to manage online sales and order fulfillment.
JCPenney’s Sales Fall in 1Q16: How Did It Trim Its Losses?
JCPenney (JCP) was able to trim its losses in 1Q16 ended April 30, 2016, despite lower sales.
Is Analyst Pessimism for Kohl’s Stock Increasing?
Kohl’s stock has been seeing increased pessimism among analysts lately. Jefferies downgraded its rating for the stock yesterday, followed by Cowen today.
Macy’s Could Benefit from Higher Demand for Consumer Electronics
Macy’s is likely to benefit from its partnership with Best Buy given the growing demand for consumer electronics.
Kohl’s Stock Fell 4.8% in the Last Trading Session
Kohl’s (KSS) stock fell 4.8% on January 10. Investors were disappointed with the sales growth deceleration during the holiday season.
Macy’s Stock: Why Do Most Analysts Rate It a ‘Hold’?
On February 2, 2017, 19 out of 22 analysts covering Macy’s (M) stock had “hold” recommendations, and three analysts had “buy” recommendations.
How Wall Street Analysts View JCPenney before Its Fiscal 2Q17 Results
On August 4, JCPenney (JCP) stock was rated “hold” by 14 of 23 analysts. JCP stock is rated “buy” by seven analysts and “sell” by two analysts.
Macy’s International Growth: Bloomingdale’s to Open in Kuwait
Macy’s (M) is gearing up for further international expansion with its plan to open its first Bloomingdale’s store in Kuwait.
What investors need to know about PVH’s operations
In the apparel industry, operators are focusing on the retail side of their business. Through retail operations, companies generate higher margins.
Must-know: Does e-commerce mean the end of malls?
General Growth CEO Sandeep Mathrani spent a lot of time on the conference call discussing the impact of e-commerce on his company (and mall REITs in general).
JCPenney: Analysts’ Recommendations and Target Price
As of July 13, 15 analysts covering JCPenney (JCP) stock have a “hold” rating. Seven analysts have a “buy” rating, while two analysts have a “sell” rating.
Apple Pay Should Benefit Immensely from Starbucks Partnership
Some Starbucks stores will start accepting Apple Pay by the end of this year. Apple Pay’s complete rollout at 7,500 Starbucks stores will happen by the end of next year.
JCPenney Has Potential $800 Million Rescue Deal to Avoid Bankruptcy
Weak Sales: Specific to Macy’s or Other Department Stores, Too?
Macy’s (M) has missed consensus Wall Street sales estimates in each of the first three quarters of fiscal 2015, which will end January 30, 2016.
Will Kohl’s New CEO Improve Its Performance?
On September 26, Kohl’s (KSS) announced that Kevin Mansell, its chairman, CEO, and president, will retire in May 2018. Michelle Gass will be the next CEO.
How Does JCPenney Plan to Seek Sales Growth in Fiscal 2017?
JCPenney opened 61 new Sephora locations and operated 577 Sephora stores within JCPenney locations by the end of fiscal 2016. The company plans to open 70 new Sephora stores in fiscal 2017.
Kohl’s Q1 Results: Doom for Retailers amid COVID-19
Kohl’s first-quarter net sales declined 43.5% YoY (year-over-year) to $2.16 billion. The company lagged analysts’ estimate of $2.18 billion.
Will Macy’s Survive COVID-19 or Sink Like JCPenney?
COVID-19 might lead to doom for department store chains like Macy’s (NYSE:M) and JCPenney (NYSE:JCP). They struggled before the pandemic.
US Retail Sales Fell in March, COVID-19 Hurt Demand
Stocks of major retailers fell on April 15 following news that US retail sales fell at a historical rate in March amid COVID-19.
JCPenney: Is Bankruptcy the Only Option Left?
Mid-tier department store chain JCPenney (NYSE:JCP) might file for bankruptcy. The news dragged the stock down by 26% as of 9:56 AM ET today.
Should Investors Consider Buying Walmart Stock?
Walmart (NYSE:WMT) stock has been rising despite the economic fallout amid the coronavirus outbreak. The stock has gained 11.4% this month.
Macy’s Will Close 125 Stores amid Online Shopping Demand
Macy’s has decided to close 125 stores over the next three years. The company will also reduce 10% of its staff, which is around 2,000 corporate jobs.
Kohl’s Gets a Downgrade after Dismal Holiday Sales
This week has been quite a nightmare for Kohl’s investors. Three companies lowered their ratings for the mid-tier department store chain.
Will JCPenney Recover or Sink Further in 2020?
JCPenney (JCP) stock rose 9.6% this year. Investors were relieved when the store announced better-than-expected third-quarter results in November.
Could Kohl’s Stock Continue to Fall?
Kohl’s stock has dropped 24.9% so far this year. Its peers Macy’s and Nordstrom have declined 47.5% and 16.6%, respectively, YTD.
Macy’s Stock Falls after Earnings on Weak Outlook
Macy’s (M) earnings for the third quarter yet again reflected the struggle that’s facing department stores in this highly competitive retail market.
TJX Companies’ Q3 Earnings Impress Investors
TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.
Kohl’s Tanks on Weak Q3 Results, Cuts Outlook
Kohl’s (KSS) stock was down 17.6% as of 11:48 AM today after the company declared weak results for the third quarter of fiscal 2019.
Will Kohl’s Q3 Sales Exceed Expectations?
Kohl’s is scheduled to announce its fiscal 2019 third-quarter earnings results on November 19. It lagged sales estimates in the second quarter.
JCPenney Stock Soars on Lower-than-Expected Q3 Loss
Mid-tier department store chain JCPenney (JCP) impressed investors by reporting a lower-than-anticipated loss for the third quarter of fiscal 2019.
Will Ackman’s bearish stance on Herbalife (HLF) finally pay off?
In this six part series, we’ll go through some of the main positions Pershing Square Capital Management LP traded this past quarter.
Macy’s Stock Fell More after Rating Downgrade
Macy’s (M) stock fell 4.2% on October 18 after Credit Suisse downgraded its rating. Credit Suisse downgraded the rating to “underperform” from “neutral.”
Levi’s Beat the Blues: Q3 EPS Exceeded Expectations
Levi Strauss reported its Q3 results after market hours yesterday. Levi’s Q3 EPS of $0.31 exceeded analysts’ expectations of $0.27.
Forever 21 Bankruptcy: Should You Shun Retail Stocks?
The US retail sector has seen a bloodbath in the last five years. The latest to join the list is Forever 21, which filed for bankruptcy on Sunday.
Kohl’s Stock Plunges after Mixed Q2 Results
Kohl’s (KSS) stock was down 6.3% as of 12:35 PM ET today as the company lagged analysts’ sales forecast for the second quarter.
JCPenney Earnings: Dismal Sales but Narrower Losses
JCPenney (JCP) stock rose 14% in today’s pre-market hours and was up 3.4% as of 2:19 PM ET after more disappointing earnings results.
Macy’s Stock Plummets on Dismal Q2 Earnings
Macy’s was down 14% as of 12:01 PM ET today after it announced a significant fall in its second-quarter earnings and lowered its full-year outlook.
What to Expect from Macy’s Q2 Results
Macy’s (M) is set to declare its fiscal 2019 second-quarter earnings results on August 14. Analysts expect Macy’s sales and earnings to fall in the quarter.
Retail Stocks Crash as Trump Announces More Tariffs
Retail stocks sank yesterday after Donald Trump tweeted that the US would impose a 10% tariff on $300 billion in Chinese imports, effective September 1.
JCPenney Seeks Help from Advisors Amid Debt Struggles
JCPenney (JCP) has hired advisors to evaluate its debt-restructuring options, as it needs more time to turn its struggling business around.
Levi Strauss Stock Got a Downgrade from Goldman Sachs
Levi Strauss stock fell 4.6% yesterday after Goldman Sachs downgraded it to “sell” from “neutral.”
Nordstrom Stock Falls as Goldman Downgrades to ‘Sell’
Nordstrom (JWN) stock was down 2.5% as of 1:11 PM ET today after Goldman Sachs downgraded its rating for the department store chain to “sell” from “neutral.”
JCPenney: Trump’s Tariffs Affect Women Customers Most
JCPenney (JCP) and several US companies continue to oppose President Trump’s proposed fourth tranche of tariffs on Chinese imports. In a letter addressed to the United States Trade Representative, JCPenney indicated that Trump’s latest round of proposed tariffs will hurt US consumers—and it looks like women will carry the brunt of the burden.
JCPenney Disappoints Again with First-Quarter Earnings
JCPenney (JCP) delivered yet another quarter of disappointing results when it announced its performance for the first quarter of fiscal 2019 today.
What to Expect from JCPenney’s First-Quarter Results
JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.
Why KeyBanc Upgraded Nordstrom Stock
Nordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.”
Do Analysts Expect JCPenney’s Revenue to Improve in 2019?
Currently, analysts expect JCPenney’s revenue to decline in fiscal 2019.
How Is JCPenney Stock Positioned in 2019?
JCPenney (JCP) stock was trading at $1.85 as of March 14, which reflects a 77.9% rise since the start of 2019.
Key Takeaways from Macy’s Q4 and Fiscal 2018 Results
Macy’s (M) stock rose 1.5% on February 26, the day the company announced its results for fiscal 2018 and the fourth quarter (ended February 2).
What’s Expected for Macy’s Fourth-Quarter Results
Department store chain Macy’s (M) is set to announce its fiscal 2018 fourth-quarter results on February 26.
Why JCPenney Is Pulling Appliances from Its Stores
JCPenney (JCP) will stop selling major appliances at its stores starting at the end of February.
How Kohl’s PE Multiple Compares with Peers’
On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and 11.2x, respectively.
JCPenney Appoints New CEO, Stock Up 9.6% in After-Market Hours
JCPenney stock rose 9.6% in after-hours trading on October 2 following the announcement that Jill Soltau will be the company’s new CEO.
Comparing Nordstrom’s Top-Line Growth with Peers’
Nordstrom’s (JWN) revenue grew 6.7% to $7.6 billion in the first half of fiscal 2018. In the second quarter, which ended on August 4, the company’s revenue grew 7.2% on a year-over-year basis to $4.1 billion.
How Analysts Reacted to Macy’s Fiscal Q2 2018 Results
Macy’s (M) reported its Q2 results on August 15, beating expectations. Macy’s stock fell 15.9% on August 15 but rose 1.9% on August 16.
Can Investors Expect JCPenney Stock to Recover?
On June 27, JCPenney (JCP) stock fell 23.7% year-to-date. JCP stock has declined 21.5% since announcing its fiscal Q1 2018 results.
Walmart Is a Tough Contender for Amazon in Grocery War
To further strengthen its position against Amazon and give shoppers more convenience, Walmart recently announced that it is rolling out 500 additional pickup towers.
How CEO Edward Lampert Is Trying to Save Sears
Sears Holdings (SHLD) has been in murky waters for quite some time now.
Sears Stock Falls on Mixed Fiscal 4Q17 Results
Sears Holdings’ stock price fell 6.6% on March 15, 2018, following the announcement of its fiscal 4Q17 results on March 14.
Target’s Holiday Sales Exceeded Expectations
Target’s (TGT) sales for the key holiday season exceeded expectations.
Are Macy’s Sales Expected to Fall or Improve in Fiscal 4Q17?
For Macy’s (M), fiscal 3Q17 (which ended on October 28, 2017) was the 11th consecutive quarter in which its sales fell. Macy’s sales fell 6.1% in fiscal the quarter.
Can Macy’s Stock Recover in 2018?
On December 29, 2017, Macy’s (M) stock had risen 29.2% since its fiscal 3Q17 results were announced in November 2017.
JCPenney’s Sales Growth Strategy
JCPenney (JCP) has been undertaking several strategic actions to improve its sales amid a challenging retail environment.
Retail Stocks Tick Higher as Tax Reform Bill Gains Momentum
Retail stocks closed higher on Monday, December 4, 2017, probably in reaction to the Senate’s passing its tax reform bill early Saturday morning.
Why JCPenney Stock Rose 15% on Friday
JCPenney (JCP) stock rose 15.3% to $3.17 on Friday, November 10, in reaction to the company’s results for fiscal 3Q17.