|Bid||0.7011 x 1400|
|Ask||0.7040 x 1400|
|Day's Range||0.7000 - 0.7201|
|52 Week Range||0.5300 - 1.9200|
|Beta (5Y Monthly)||1.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 04, 2012|
|1y Target Est||0.89|
J. C. Penney Company, Inc. (JCP) announced today that it will report its fourth quarter and fiscal year 2019 financial results before the opening of financial markets on Thursday, February 27, 2020. The Company will webcast a live conference call that will begin at 8:30 a.m. ET. The webcast, along with the associated slide presentation, will be made available on the Company’s investor relations website at https://ir.jcpenney.com.
Rating Action: Moody's affirms twelve classes of WFCM 2013- LC12. Global Credit Research- 18 Feb 2020. Approximately $1.09 billion of structured securities affected.
Rating Action: Moody's affirms seven CMBS classes of CGCMT 2017- B1. Global Credit Research- 18 Feb 2020. Approximately $704 million of structured securities affected.
The ratings on the remaining P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on the IO class was affirmed based on the credit quality of its referenced classes.
The ratings on six P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. The rating on one interest only (IO) class, Class X-A, was affirmed based on the credit quality of its referenced classes.
”, February 5), he’s picked the wrong target in high-yield bond investors. Yes, JC Penney has been going slowly bankrupt since 2000 — but its ability to issue a CCC-rated bond in 2018 is somewhat of an exception. High-yield bond investors are for the most part refusing to underwrite the next default cycle.
JCPenney is relaunching its a.n.a women’s clothing brand with an emphasis on size-inclusive denim, the latest attempt by CEO Jill Soltau to revitalize the struggling chain. The relaunch is part of a strategy that focuses on strengthening the retailer’s private brands under the direction of Michelle Wlazlo, executive vice president and chief merchant, who joined the company in March 2019 from Target, the company said. The expanded collection of “Honestly Good Jeans” has 15 fits in more than 80 washes in missy, petite, plus and tall categories in sizes 2 to 24W available now in stores, and an expanded range of sizes 2 to 30W and tall sizing available March 1 on the JCPenney (NYSE:JCP) website.
J.C. Penney Co. Inc. said Thursday that it has redesigned its a.n.a. brand of jeans to include more sizes and fits. The new collection includes 15 fits, more than 80 washes and runs in sizes 2 to 24W. Starting March 1, an online assortment running from sizes 2 to 30W and tall sizes will be available. The a.n.a. revamp is part of an overall focus on the department store retailer's private brands. J.C. Penney stock is up 1.5% in Thursday premarket trading, but down nearly 45% over the past year. J.C. Penney has received a non-compliance notice from the NYSE. The S&P 500 index is up 22% for the last 12 months.
JCPenney (JCP) is unfolding a new assortment of jeans with a complete reimagination of its a.n.a brand, focused on the denim customers love and a size-inclusive selection for all body shapes and sizes. The brand’s new look is the result of extensive customer research and establishes a.n.a as the Company’s denim lifestyle brand for women. Under the direction of Michelle Wlazlo, executive vice president and chief merchant, the Company has been focused on strengthening its iconic private brands according to the five lifestyles that resonate with customers and how they want to shop: Move, Chill, All Day, On Point, and Shine.
Jeff Gaul, Sephora's senior vice president of real estate and store development, told CNBC in an interview the company will focus on growing its off-mall locations. Doing so would better position the beauty retailer to be closer to where its core clients live and work, he said. Gaul also commented on Sephora's relationship with the struggling department store J C Penney Company Inc (NYSE: JCP).
Beauty retailer Sephora announced Tuesday that it would open 100 new stores in North America that will be entirely powered by renewable energy. The expansion is the largest in a single year in the region. The locations will also use "cost-effective materials" in order to invest in customer experience and employee development. Sephora had more than 2,500 stores around the world at the end of 2018, and has more than 490 stores in the Americas. Sephora also has more than 660 locations inside of J.C. Penney Co. Inc. department stores. Recently, Sephora opened two locations in New York City, one in Times Square and the other in Hudson Yards, and reopened a store in The Grove in Los Angeles. The new stores will span 75 cities in neighborhoods and malls, with a 4,000-square-foot store format that's intended to integrate into local city centers. The SPDR S&P Retail ETF has slipped nearly 1% over the past year while the S&P 500 index has gained 21.3% for the period.
Experts say there should be a discussion about metrics besides same-store sales now that so much shopping is done online.
The retailer has named a handful of new executives as it battles share prices and looks to drive traffic.
JCPenney has appointed six new vice presidents as CEO Jill Soltau strives to build a strong team to guide the struggling retailer into the future. Wendy Santana joins the company as vice president of business development from Li & Fung – LF Americas/Oxford Collections, where she most recently served as executive vice president. Jill Feldman has been hired as vice president of marketing from Famous Footwear, where she was vice president, marketing and brand strategy.
J.C. Penney Co. Inc. stock fell 2% in Monday premarket trading after the struggling department store retailer announced that it has received a NYSE letter of non-compliance. NYSE rules state that companies have to maintain an average closing share price of at least $1 for 30 consecutive days. J.C. Penney stock closed Friday at 74.5 cents. The letter, received on Jan. 31, says J.C. Penney has six months from the receipt to regain compliance with the share price rule. J.C. Penney previously received a letter of non-compliance in August 2019. J.C. Penney stock has tumbled 43.6% over the last year while the ProShares Decline of the Retail Store ETF has gained 6% and the S&P 500 index is up 19.2%.
JCPenney (JCP) today announced the appointment of six accomplished vice presidents, each bringing years of leadership, innovation, and expertise to the Company. “We continue to build a strong and talented team of leaders at JCPenney who will champion us through our Plan for Renewal,” said Jill Soltau, chief executive officer. Wendy Santana joins the Company as vice president of business development.
J.C. Penney Co. Inc. has been notified that it's no longer in compliance with New York Stock Exchange listing criteria requiring companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.J.C. Penney now has six months to get the stock back above the NYSE's share price requirement or else get delisted. It could get an extension if the retailer comes up with a way to remedy the situation that would require shareholder approval. The company received the same NYSE warning last year, but the stock did get back over the $1 mark, and was lifted after its chairman Ronald Tysoe purchased 1 million shares.The company said it intends to pursue measures to cure the share price non-compliance, including possibly a reverse stock split, which would be subject to shareholder approval, and notify the NYSE within 10 business days of its intent to cure the deficiency. On Friday, the stock closed at 75 cents, down 4.8 percent.Penney's said it is in compliance with all other NYSE continued listing standard rules, and that Friday's notification from the NYSE does not affect its business operations or its Securities and Exchange Commission reporting requirements, and it does not "conflict with or cause an event of default under any of the company’s material debt or other agreements."Penney's turnaround efforts are being led by its chief executive officer Jill Soltau. Among the changes in the works, the women’s selling floors are being recast into five distinct, easier-to-shop lifestyle departments; greater emphasis on denim and casual merchandise; enhanced visual display to spotlight trends and outfits, and “inclusiveness” so plus sizes are displayed next to misses sizes. Also, the home floor is being reinvented with national and private brands.But the company is up against a ticking clock and needs to reverse declining sales and trends or face extinction. It has about $1.75 billion in liquidity so it can handle near-term payments, though more than $2 billion of its total $4 billion in long-term debt comes due in 2023.More from WWD * 2019 Sales Spell Trouble for Department Stores * Moody's Says 'Dismal Year' Will Force Department Store Changes * ThredUp Educating Consumers About Their Share of Environmental Impact
The New York Stock Exchange has notified J.C. Penney Co. Inc. that the company is out of compliance with the exchange's continued listing criteria, the retailer said late Friday. Listed companies are required to keep an average closing share price of at least $1 over a consecutive 30 trading-day period. The retailer has six months to regain compliance, subject to a possible extension. J.C. Penney said it plans to "pursue measures to cure the share price non-compliance, including through a reverse stock split of the company's common stock, subject to stockholder approval, if such action is necessary to cure the non-compliance," it said in a statement. Shares of J.C. Penney rose 2% in the extended session Friday after ending the regular trading day down 4.8%.
J. C. Penney Company, Inc. (JCP) announced that it received notification from the New York Stock Exchange (NYSE) today, Jan. 31, 2020, that the Company is no longer in compliance with NYSE continued listing criteria, which require listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. In accordance with NYSE rules, the Company has a period of six months from receipt of the notice to regain compliance with the NYSE’s minimum share price requirement, subject to possible extension if the Company determines to remedy the non-compliance by taking action that would require shareholder approval.
Moody's rating action reflects a base expected loss of 5.2% of the current pooled balance, compared to 5.5% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Moody's rating action reflects a base expected loss of 11.1% of the current pooled balance, compared to 7.0% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
The rating on one P&I class was upgraded due to an increase in credit support resulting from loan paydowns and amortization, as well as an increase in defeasance. The deal has paid down 7% since Moody's last review and defeasance increased to 37% of the pool from 11% at last review. The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges.