J.C. Penney (JCP) Sourcing Head Ken Mangon Resigns - Report

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Go back to J.C. Penney (JCP) Sourcing Head Ken Mangon Resigns - Report

Retailers Square Off as Black Friday Kicks Competition into High Gear

November 23, 2012 8:33 AM EST

With stomach bulging and with fingers still slick with traces of butter and turkey residue, eager shoppers, clinging to coupons and advertising inserts, exited their vehicles and haphazardly gathered in a makeshift line. In the dark, and despite cold and risk of serious bodily injury, consumers watched the doors swing open at a Wal-Mart (NYSE: WMT) in southern Michigan, and everyone was thinking the same... Game... More

Retailers Higher as Black Friday Online Sales Expected to Be Strong (M) (WMT) (AMZN)

November 23, 2012 8:04 AM EST

Retailers are on the up-and-up as Black Friday sales kick off today.

Expectations are for a stronger crowd than last year, with more spending to boot. Wednesday, data tracker comScore (Nasdaq: SCOR) highlighted how... More

Bill Ackman Finds a Friend on J. C. Penney (JCP)

November 21, 2012 12:15 PM EST

In what promised to be one of the biggest turnarounds in corporate history with the hiring of Ron Johnson as CEO of J. C. Penney (NYSE: JCP), has turned into an unmitigated disaster: Comps down an unthinkable 26% in Q3 and expected to be down ~21% in Q4, net loss of $0.93/sh. in Q3 and EPS expected to be down over 50% in Q4, cash position down to ~$520M from ~$1.5B, credit downgrades and spiking debt yields. However, through it all hedge fund manger... More