J.C. Penney stock sinks on falling sales
Posted by admin / Under Retail Forex Platform
NEW YORK (CNNMoney) -- J.C. Penney gave investors two reasons to ditch the stock: the retailer said Tuesday that it is suspending its dividend and that sales are dropping dramatically. The budget-conscious chain said same-store sales dropped roughly 19% in the first quarter of 2012.
Published on Sunday 27th of May 2012 10:34:47 AM
J.C. Penney swings to loss, suspends dividend (Thanks to Ellen Degeneres...)
Posted by admin / Under Retail Forex Platform
J.C. Penney Co., which is making major pricing and merchandising changes, said Tuesday that it swung to a first-quarter loss that was larger than expected and that it no longer expects to meet its previous profit forecast for the year. -snip- The net loss was $163 million, or 75 cents a share, compared with a profit of $64 million or 28 cents a share a year earlier. Sales in the quarter ended April 28 fell 20% to $3.15 billion.
Published on Sunday 27th of May 2012 10:34:47 AM
Millennials Are Keeping The Economy Afloat One Splurge At A Time [technology addicted]
Posted by admin / Under Retail Forex Platform
John T. Rogers, age 26, grew up in rural West Texas, raised by a single mother who often worked three jobs to make ends meet. He says his 59-year-old mother remains fiscally conservative, refusing to spend a dime on herself, though she now earns a respectable income. But when it comes to spending, Rogers is not following in her footsteps. "Not to knock J.C. Penney's, but I definitely wanted to step up my style," he said. Earning $46,000 a year as a communications manager for a private, non-profit university in Denver hasn't held him back. He bought a hybrid Lexus...
Published on Sunday 27th of May 2012 10:34:47 AM
JC Penney Features Same-Sex Couple in May Catalogue
Posted by admin / Under Retail Forex Platform
May 12, 2012 JC Penney Features Same-Sex Couple in May Catalogue Fifteen years ago, when advertisers got wind that Ellen DeGeneres was going to “come out” on her popular sitcom show “Ellen,” some advertisers fled. One of them was JC Penney. Flash forward to one of their newest clothing ads in the May catalog. It features a real-life same-sex couple. The photograph is of two models identified as Wendi and Maggie holding their two daughters. Both women appear be wearing wedding bands. Quietly, gradually and largely without protest, advertising is starting to reflect new attitudes and new realities about who...
Published on Sunday 27th of May 2012 10:34:47 AM
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