Oct 2- J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.S. pension obligation by up to 35 percent. The department store operator said about 12,000 retirees and surviving beneficiaries of the company's qualified pension plan had...» Read More
April 14- Department store chain J.C. Penney Co Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. J.C. Penney said it expected same-store sales to rise by about 3.5-4.5 percent in the first quarter, after adjusting for Easter falling in March this year. The company's shares fell 3...
April 14- J.C. Penney Inc said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst. The executive's email to the analyst said that J.C. Penney's same-store sales had risen about 6 percent in the period, the department store chain said in a regulatory filing on Tuesday. J.C. Penney said it expected...
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