$JCP News

Last published 1mo ago

1mo agoAAPL GOOGL JCPThe man who built Apple’s stores doesn’t buy Silicon Valley’s bet on AI shoppingTechCrunch
6y agoHD AMZN SHOP-CA JCP+3'Shark Tank' star Daymond John on the pivot to the experience model: 'Retail is changing by the day'CNBCEntrepreneur and FUBU CEO Daymond John said the traditional ways of selling products to customers are obsolete.
6y agoJCP LULUStoried apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of storesCNBCThe 202-year-old retailer has dressed U.S. presidents and countless investment bankers.
6y agoCCL DELL VMW WGO+15Stocks making the biggest moves premarket: Carnival, Dell, Morgan Stanley, Facebook & moreCNBCThese are the stocks posting the largest moves before the bell on Wednesday.
6y agoAMZN NKE JCP TGT+2Amazon workers in Chicago angered by 'tokenized' Juneteenth celebration offering chicken and wafflesCNBCChicago Amazon workers said the company should have made Juneteenth a company holiday.
6y agoJPM MO NKE JCP+4Juneteenth gives corporate America a chance to act on pledges to fight racism following George Floyd's killingCNBCAltria, Nike and J.C. Penney are among those offering employees Juneteenth as a paid, companywide holiday. Google urged its employees to cancel all unnecessary meetings scheduled for the day.
6y agoBABA JD LB JCPAlibaba's InTime department store chain turns to live-streaming to boost sales during coronavirusCNBCInTime's focus on livestreaming and its e-commerce app has pushed 20% of sales this year to come from online versus a "single digit" portion in 2019, CEO Chen Xiaodong said.
6y agoLB M JCP DDS+3This chart shows just how much America's malls are incredibly dependent on struggling retailersCNBCAn analysis by commercial real estate services firm CoStar shows 14 of the 20 largest mall tenants are either apparel retailers or department store chains.
6y agoM JCPThe coronavirus is crushing bankrupt retailers' hopes for a rebound – and threatening even more jobsCNBCHome goods retailer Pier 1 this week announced plans to liquidate its business after failing to find a buyer. Modell's announced plans to shutter its business in March. Earth Fare, which filed for bankruptcy in February, only found a buyer for parts of it.
6y agoJCP AMZNAnna Wintour says coronavirus has been 'catastrophic' for the fashion industryCNBC"I think everybody is rethinking what the fashion industry stands for, what it means, what it should be," Vogue editor Anna Wintour told CNBC.
6y agoJCPAs states reopen, it's a race against the clock for small businesses to pay bills and stay solventCNBCAs states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wave of failures.
6y agoNMG JCPClothing Chain Reitmans Seeks Bankruptcy Protection in CanadaBloombergReitmans (Canada) Ltd. has filed for bankruptcy protection after the pandemic forced it to close all its stores and aggravated the apparel retailer’s already-weakening business.
6y agoCCL RL MCO AMZN+4Clothing Retailers Tap Banks for $31 Billion in FundingBloombergClothing retailers, including department stores, have raised more than $31 billion from banks as the coronavirus pandemic batters sales, shutters shops and heightens online competition.
6y agoJCP WHome goods retailer Pier 1 plans to wind down its business after not finding a buyerCNBCHome goods retailer Pier 1 Imports said Tuesday it is seeking bankruptcy court approval to wind down its business entirely after it was not able to find a buyer due to the coronavirus pandemic.
6y agoWST HP JCP DOC+1West Pharmaceutical Services Set to Join S&P 500; Physicians Realty Trust to Join S&P MidCap 400; Helmerich & Payne to Join S&P SmallCap 600PR NewswireS&P Dow Jones Indices will make the following changes to the S&P 500, the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading...
6y agoAMZN JCPRetail sales in the US could fall more than 6% in 2020: EuromonitorCNBCU.S. retail sales could be down 6.5% in 2020, according to new estimates from market research company Euromonitor.
6y agoMRNA GS BRK.A UBER+11Stocks making the biggest moves in the premarket: Moderna, Goldman Sachs, Under Armour & moreCNBCThe stocks making the biggest moves in premarket trading include Moderna, Goldman Sachs, Under Armour, and more.
6y agoJCPJ.C. Penney Gets Approval of Motions to Support OperationsBloombergJ.C. Penney said it received bankruptcy court approvals for motions to support its business operations, including approval for the retailer to access and use its approximately $500 million in cash collateral.
6y agoJCPJC Penney has two months to get support for a plan for its future — or it will have to sell itselfCNBCJ.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company amidst a coronavirus pandemic.
6y agoJCPJCPenney Receives Court Approval of “First Day” Motions to Support Business OperationsBusiness WirePLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX (the “Court”) for the “First Day” motions related to the Company’s voluntary Chapter 11 petitions filed on May 15, 2020, including approval for the Company to access and use its approximately $5 ...
6y agoJCP SRG M BIG+1Bankrupted JC Penney plans to spin its properties into separate real estate companyCNBCA piece of J.C. Penney's proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate investment trust.
6y agoLEHMQ TOYS JCPJ.C. Penney Faces Possible Snag to a Smooth RestructuringBloombergYears of struggle landed J.C. Penney Co. in Chapter 11.
6y agoJCP WMT TGT AMZN+5As JC Penney goes bankrupt, some question if it should continue to operateCNBCDoes the world of retail really need J.C. Penney?
6y agoAAPL TGT WMT M+3J.C. Penney Couldn't Find a Way to Shake Off Its Identity CrisisBloombergStaple of suburban shopping malls struggled to stay relevant in internet age
6y agoJCPLong-struggling JC Penney files for bankruptcy as coronavirus crushes hopes for a quick turnaroundCNBCJ.C. Penney, weighed down by debt and battered by the coronavirus, has filed for bankruptcy. The retailer employed roughly 90,000 full- and part-time workers as of February.
6y agoJCPJCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support AgreementBusiness WirePLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has entered into a restructuring support agreement (the “RSA”) with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen its financial position. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan ...
6y agoJCP VFC GPS JWN+6Stocks making the biggest moves midday: JC Penney, Micron, Denny's & moreCNBCCheck out the companies making headlines in midday trading on Friday.
6y agoJCPJ.C. Penney Makes Missing Loan Payment to Stave Off Debt DefaultBloombergJ.C. Penney Co., the department-store chain that’s been negotiating with creditors on a plan to restructure in bankruptcy court, made good on a missing loan payment and said it’s still considering solutions to its crushing debt load.
6y agoJCPJC Penney makes $17 million interest payment as it explores bankruptcyCNBCJ.C. Penney skipped a $12 million interest payment on April 15, starting the clock on a 30-day grace period.
6y agoJCPJC Penney is planning to file for bankruptcy as early as Friday, sources sayCNBCJ.C. Penney's advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning.
6y agoWFC JCPStocks Rise With Weak Data Set Aside; Oil Jumps: Markets WrapBloombergU.S. stocks rose as traders looked past trade jitters and weak economic data. Treasuries fell. Oil jumped.
6y agoCOTY NCLH CCL RCL+6Stocks making the biggest moves midday: JCPenney, Coty, GE, BlackRock & moreCNBCCheck out the companies making headlines in midday trading.
6y agoCYB-FF ROKU DIS WW+12Stocks making the biggest moves in the premarket: Roku, CyberArk Software, Disney, WW & moreCNBCThe stocks making the biggest moves in premarket trading include Roku, CyberArk Software, Disney, WW, and more.
6y agoJCPJC Penney in talks for $450 million loan as it eyes Friday bankruptcy filingCNBCAs part of the discussions, J.C. Penney would be able to draw $225 million of its bankruptcy loan on day one, and then have to hit certain milestones in order to obtain the second half of the loan.
6y agoJWN JCP MCoronavirus fallout: Here are the 16 department stores Nordstrom is closing permanentlyCNBCNordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic.
6y agoJCPJC Penney in talks to fund potential bankruptcy filing next weekCNBCIf J.C. Penney files for bankruptcy without financing in hand, it could doom the department store chain's restructuring process.
6y agoAPO ARES KKR JCPJ.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy LoanBloombergJ.C. Penney Co. is negotiating a bankruptcy deal with lenders including KKR & Co., Ares Management Corp. and Sixth Street Partners that would slash the department-store chain’s debt in exchange for control of the company.
6y agoJWN M JCPDepartment stores had an insane week. Here's everything that happenedCNBCIt was another onslaught of bad news from America's department store chains, including bankruptcy filings and store closures, this week. And that likely will not be letting up anytime soon.
6y agoJCPJCPenney and Sephora Reaffirm PartnershipBusiness WirePLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) and Sephora USA, Inc. today announced they have reaffirmed their long-standing partnership to operate Sephora inside JCPenney (SiJCP). Both companies worked constructively to resolve outstanding legal matters and have agreed to mutually beneficial revisions to their joint enterprise operating agreement.
6y agoCCL ARES WLL BLK+4Wave of U.S. Bankruptcies Builds Toward Worst Run in Many YearsBloombergFirst, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more.
6y agoKSS JCP AMZN M+2Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemicCNBCKohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week.
6y agoJCPLuxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus falloutCNBCThe luxury department store chain had been struggling with competition from online rivals and dwindling cash before the pandemic.
6y agoJCP M TJXLord & Taylor to liquidate its stores as soon as they reopen, sources sayCNBCLord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said.
6y agoJCP NMGNeiman Marcus Nears Deal to Hand Keys to Lenders in BankruptcyBloombergNeiman Marcus Group Inc. is closing in on a deal with a group of lenders led by Pacific Investment Management Co. that would slash the department-store chain’s debt load by more than half in exchange for control of the company, according to people with knowledge of the matter.
6y agoJCPJC Penney goes to court to try to stop Sephora from pulling out of the troubled chain's storesCNBCJ.C. Penney has filed a temporary restraining order against Sephora in a bid to stop the pullout.
6y agoFB GOOGL NFLX AAPL+6Big Tech's earnings prove it's immune to the coronavirusCNBCAs many sectors reported devastation from the economic downturn, tech companies have proven largely resilient.
6y agoTHC HCA MA MC+13The Big Keep Getting Bigger in the Pandemic-Rearranged EconomyBloombergWelcome to the post-pandemic U.S. economy.
6y agoBAC JPM WFC JCPJ.C. Penney, Lenders Struggle to Find Assets to Back Fresh LoanBloombergJ.C. Penney Co. and the lenders it’s asking to finance a potential bankruptcy are struggling to find sufficient company assets to secure the additional debt, according to people familiar with the search.
6y agoJCP M JWN GPS+4Over 50% of department stores in malls predicted to close by 2021, real estate services firm saysCNBCDepartment stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green Street Advisors.
6y agoAB MS JCP SHLDQ+1Icahn’s ‘Beautiful Trade’ Pays Off Early With Malls Forced ShutBloombergEastview Mall, 14 miles southeast of downtown Rochester, New York, was a rare bright spot among regional shopping centers.