J.C. Penney said it is pursuing the potential sale and partial leaseback of its headquarters building in Plano, Texas in an effort to cut costs.» Read More
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Even as hedge fund manager Bill Ackman continues to trumpet that he believes that JCPenney has the right strategy to turn its business around, reports are circulating that the retailer may be backing off its pricing strategy.
Take a look at some of Wednesday's midday movers:
Cramer reveals how this once ailing retailer made a successful comeback.
Hedge fund manager Bill Ackman remains steadfast in his belief that his investment in JCPenney will pay off. He says he has the patience to wait out the company's turnaround under new CEO Ron Johnson.
Take a look at some of Tuesday’s morning movers:
William Ackman, Pershing Square Capital Management founder & CEO, discusses how to make money in this market and what JC Penney needs to do to turnaround its business.
Jim Cramer’s researcher, Nicole Urken, examines some successful and not so successful turnaround stories.
Stocks closed lower in thin trading Friday as investors hesitated to stay long over the three-day Memorial Day holiday weekend amid ongoing worries over the euro zone.
U.S. stock index futures slipped Friday, tracking shares in Europe, as concerns lingered over the euro zone debt crisis in what could otherwise be a light trading day ahead of the Memorial Day weekend.
Apparel retailer Chico’s would do well not to follow in JC Penney’s footsteps, the "Mad Money" host said Thursday.
Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference.
It's been a May to forget for a growing number of the financial world's best-known names, including JPMorgan Chase's Jamie Dimon, Nasdaq OMX's Bob Greifeld, Chesapeake Energy's Aubrey McClendon, JC Penney's Ron Johnson, and Yahoo's Scott Thompson. We want to know who you think has had the worst month? Answer our poll and leave some comments.
“Turning around a big retailer is extremely difficult, but it’s been done before,” Cramer said.
Take a look at some of Monday’s morning movers:
If you own these four stocks, take a long hard look at selling them. If you decide to hold on or buy more, check yourself.
In the first quarter, Apple stock was surging. Since then, shares have dropped 16 percent — giving up over $100 a share and now trailing Google by nearly that amount.
Take a look at some of Thursday's morning movers:
Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook.
Stocks logged another decline in choppy trading Wednesday following the Fed's meeting minutes and after conflicting reports suggesting the ECB could halt monetary operations to certain Greek banks, reigniting jitters over the debt-ridden nation.