UPADŁÓŚĆ? J. C. Penney Company Inc. NYSE: JCP markety

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slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 16 sie 2018 15:14

Akcje J.C. Penney taniały 22 proc. przez wyniki
https://www.pb.pl/akcje-j-c-penney-tani ... iki-937434
Ostatnio zmieniony 10 kwie 2020 16:12 przez slayer74, łącznie zmieniany 1 raz.
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

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slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 18 sie 2018 21:32

Akcje J.C. Penney taniały 22 proc. przez wyniki
https://www.pb.pl/akcje-j-c-penney-tani ... iki-937434
JC Penney Faces Prospects of Closing Dozens of Stores Soon
https://247wallst.com/retail/2018/08/18 ... ores-soon/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 28 wrz 2018 14:58

JC Penney Heads Toward Penny Stock Land
https://247wallst.com/investing/2018/09 ... tock-land/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 14 lis 2018 23:43

Is JC Penney Due for Another Rough Quarter?
https://247wallst.com/retail/2018/11/14 ... h-quarter/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 16 lis 2018 10:46

JC Penney Is on Its Way to Being a Penny Stock After Q3 Results

J.C. Penney Co. Inc. (NYSE: JCP) released its fiscal third-quarter financial results before the markets opened on Thursday. The retailer said that it had a net loss of $0.52 per share and $2.73 billion in revenue, compared with consensus estimates that called for a net loss of $0.56 per share and $2.81 billion in revenue. In the same period of last year, the struggling retailer said it had a per-share net loss of $0.33 and revenue of $2.81 billion.

During the most recent quarter, comparable sales decreased 5.4%, while in the third quarter of last year comparable sales decreased by 4.5%.

Cash and cash equivalents at the end of the third quarter were $168 million, down from $185 million in the same period of last year. Inventory at the end of the third quarter was $3.22 billion, down 5.4% year over year.

Looking ahead and considering its newly appointed chief executive and chief financial officers, the company has decided to withdraw its previous 2018 full year earnings guidance and update its previous full-year comparable store sales guidance. The firm now expects to see comparable sales to be down by low-single digits.

The consensus forecast is a net loss of $0.91 per share and $12.21 billion in revenue for the year.
https://247wallst.com/retail/2018/11/15 ... 3-results/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 28 gru 2018 15:38

J.C. Penney Stock Closes at Record-Low 97 Cents a Share
https://www.thestreet.com/investing/j-c ... e-14821093
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 01 mar 2019 09:48

Did the Holidays Save JC Penney From the Fate of Sears?

When J.C. Penney Co. Inc. (NYSE: JCP) released its fiscal fourth-quarter financial results before the markets opened on Thursday, the retailer posted $0.18 in earnings per share (EPS) and $3.67 billion in revenue. This compares with consensus estimates of $0.11 in EPS and $3.79 billion in revenue, and last year’s EPS of $0.51 on revenue of $4.03 billion.

On a shifted basis, comparable sales decreased 4.0% in the latest quarter, while on an unshifted basis comparable sales for the fourth quarter decreased 6.0%.

The company determined that it will close 18 full-line stores in 2019, including the three locations previously announced in January. In addition, it also will close nine ancillary home and furniture stores, further aligning the company’s brick-and-mortar presence with its omnichannel network.

A few highlights from the annual report:

A 13.1% reduction in inventory
Positive operating cash flow of $359 million
Free cash flow of $111 million in fiscal 2018
Looking ahead, the firm expects to see free cash flow be positive for the 2019 fiscal full year. Consensus estimates call for a net loss of $0.77 per share and $11.88 billion in revenue for the full year.

https://247wallst.com/retail/2019/02/28 ... -of-sears/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 27 sie 2019 10:48

Macy's i JC Penney szukają wzrostu. Czy pomoże im w tym odzież używana z ThredUp ?
https://www.paszport.ws//macys-i-jc-pen ... z-thredup-
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 21 lis 2019 17:15

JC Penney Is Finally Doomed

J.C. Penney Co. Inc. (NYSE: JCP) has released earnings, and its stock rose by a small amount. Some analysts said the retailer did not do as poorly as expected. The observation did not mean very much. J.C. Penney said same-store sales for the year would be down 7% to 8% for its fiscal year, which is nothing short of a catastrophe for a company that has posted plunging sales for years.

J.C. Penney shares are down 84% over the past five years and have traded below $1 recently. Once among the nation’s largest retailers, it has no capacity to compete with powerful retail leaders like Walmart, Target and even troubled Macy’s. J.C. Penney’s store count is only 850 now, after shuttering locations for over half a decade. By contrast, Walmart has over 5,000 in the U.S.

J.C. Penney’s revenue is also crashing. It fell 8.5% last quarter to $2.5 billion for the quarter. Its net loss did improve to $93 million from $151 million. But a loss is a loss nevertheless. For comparison’s sake, Walmart’s revenue last quarter was $83.2 billion, up 3.2%.

The fictional view about J.C. Penney’s possible success is that its results are not getting worse faster. Jill Soltau, chief executive officer of J.C. Penney, said, when earnings were released, “Going forward, I am confident that delivering our strategy, coupled with our ongoing discipline and commitment to improving the foundational elements of our business, will return JCPenney to its rightful place in the retail industry.” The “rightful place” was usurped by more powerful retailers long ago. In a retail world where store count counts along with e-commerce muscle, J.C. Penney has no path back.

https://247wallst.com/retail/2019/11/16 ... ly-doomed/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 03 lut 2020 16:52

JC Penney Reveals NYSE Delisting Notice, Adds More Executives to Turnaround Effort

J.C. Penney Co. Inc. (NYSE: JCP) announced Monday morning that the company on Friday received a notice from the New York Stock Exchange that it no longer meets the exchange’s criteria for a continued listing. The company has failed to maintain an average closing price per share of $1.00 for a period of 30 consecutive trading days.

J.C. Penney has six months to return to compliance and may seek an extension if the company should decide that shareholder approval is required to take action to meet the share price requirement.

In its announcement, J.C. Penney said that it intends to regain compliance by pursuing measures that may include a reverse stock split, a measure that would require shareholder approval.
In a separate announcement, J.C. Penney said it had appointed six “accomplished vice presidents” that CEO Jill Soltau said, “will champion us through our Plan for Renewal.” Four of the six are joining the marketing team that reports to Executive Vice-President and Chief Customer Officer Shawn Gensch.

Wendy Santana has been appointed as Vice President of Business Development after a 20-year stint at supply chain management firm Li & Fung. She will report to Executive Vice President Truett Horne.

The four new vice presidents reporting to Gensch are Jill Feldman, Vice President of Marketing; Roger Worak, Vice President of Customer Engagement and Insights; Dan Matarelli, Vice President of Digital Marketing; and Robin Beuthin, Vice President of Creative Marketing.

Jeff Csuy has been appointed as Vice President of Merchandise Strategy and Operations. He will report to Michelle Wlaslo, executive vice president and chief merchant.

As we noted earlier this year, the big challenge for J.C. Penney will be time. Can new management implement fixes quickly enough to turn around the relentlessly shrinking share price? Will investors be patient? How will they react to a reverse split? Will the company have to close more stores? Will it have to sell off some of its $3.5 billion or so in real estate? Can it raise its free cash flow to pay down more than $3 billion of indebtedness?

J.C. Penney stock closed down about 4.8% on Friday at $0.75 and traded down more than 2% early Monday at around $0.73. The consensus 12-month share price on the stock is $0.89, not enough to maintain its NYSE listing.

https://247wallst.com/retail/2020/02/03 ... nd-effort/
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slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 27 lut 2020 11:06

JCPenney Co. Inc. (NYSE: JCP) is among America’s most troubled and embattled retailers. Its market capitalization is so low that it trades in pre-bankruptcy range. Based on same-store sales, revenue and its bottom line, the survival of the company is at risk.

The lean retail quarters are usually the second and third of the year. That means, with the exceptions of holidays like Mother’s Day and Father’s Day, retailer traffic is a desert. Big retail sales come after Thanksgiving, which leaves large retailers a few short weeks to make much of their money. J.C. Penney is among the department store operators that have to face customer starvation from April until September.

This will be particularly true because many of its locations are in malls, where traffic is often diving.

J.C. Penney’s Current Situation
J.C. Penney has about 850 stores in the United States and Puerto Rico. That puts its store count below many of its rivals.

National store footprint is crucial because of the level of access a large footprint gives to the overall population in both metropolitan and suburban areas.

J.C. Penney employs about 85,000 people. Some of these jobs are at risk every time the company shutters a location. Revenue was $11.7 billion in its most recent fiscal year.

The company’s same-store sales plunged 9.3% in the third quarter, which ended on November 2 last year. When adjusted for stores it closed, the number was still a breathtaking drop of 6.6%.

Revenue fell 8.5% for the quarter to $2.5 billion. This was an acceleration of the decline for the year. In the first nine months of the fiscal year, revenue was 6.8% lower to $7.6 billion. At least the net loss for the third fiscal quarter shrank some, down 38.4% to $93 million.

The posted long-term debt was $4 billion. The adjusted EBITDA (non-GAAP) gain was $106 million, up from $46 million in the fiscal third quarter a year ago.
...
https://247wallst.com/retail/2020/02/25 ... -the-year/
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slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 16 mar 2020 16:24

Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 10 kwie 2020 16:12

Does JCPenney Stock Have Time to Switch to E-Commerce?

.C. Penney Co. Inc. (NYSE: JCP) is one of the worst-hit department store operators in the United States in the wake of the coronavirus. While this is bad, the stock was doing poorly before this crisis, and things have only gotten worse.

The Dow Jones industrial average saw its worst first quarter in the history of the index. Needless to say, the S&P 500 and Nasdaq were close runners-up. The overall market climate may be poor at best for brick-and-mortar retailers, but companies hedging their bets with e-commerce has proven to be effective. Will J.C. Penney get on board with this trend before it’s too late?

No Bricks About It
Many department store chains across the country have been forced to close their doors as a result of the COVID-19 outbreak. Social distancing has pushed most, if not all, of the economy online. Although the trend toward e-commerce has been on the rise for years now, only retailers with a solid online presence are managing to push through these troubling times. At the same time, this is hurting many of those with a sizable brick-and-mortar footprint.

So where does J.C. Penney stand?

Currently, the company does not break out its e-commerce sales from its total revenues. However, some estimates put J.C. Penney’s 2019 e-commerce sales around $2.2 billion, or about 20% of its total revenues of $10.7 billion. Even though total revenues have been on the decline over the years, e-commerce reportedly has been picking up.

On the other hand, sales have still been dropping for this department chain. With 859 stores at the end of the fiscal year, store-related expenses make up a significant portion of the company’s bottom line, especially in selling, general and administrative expenses (SG&A).

However, for the past three years, the company actually has posted positive operating results (income) for its Real Estate segment expenses. For 2019, J.C. Penney saw $15 million in income, as well as $19 million in 2018 and $146 million in 2017. Normally, these are expenses, but liquidating real estate and closing stores is a positive. Again, this might not be enough, considering total costs and expenses were $11.2 billion, $12.0 billion and $12.7 billion in the same periods.

If anything, this might prove the cost efficiencies of primarily running an e-commerce platform. The transition to this model would obviously be painful, but it could work out better in the long run.

Reducing the store count, as management has been doing, could salvage some of this company, but only closing 27 stores in 2019 may not be enough. It has closed a total of 173 stores since the start of fiscal 2017. Also considering the current economic climate, another question J.C. Penney will have to answer is how many of these stores to reopen.

J.C. Penney Stock
There are already more than enough questions for J.C. Penny to answer about its business model, but what about its standing in the market? A look at its chart shows this stock has been on a race to zero. Slumping sales haven’t helped ease this sentiment either.

J.C. Penney stock has been flirting with the $1 price level since May of last year. The stock definitively slipped under $1 in January, and the New York Stock Exchange was quick to let the company know it was out of compliance. Accordingly, the company has six months to regain compliance. The idea of a reverse stock split has been floated by management, but that is subject to shareholder approval.

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The share price has only retreated since then, so regaining compliance will be more of an issue than it initially thought. J.C. Penney stock has fallen 71% year to date, and it is down 78% in the past 52 weeks. Taking a longer-term perspective on the stock only makes things look worse.

This situation raises more questions, including whether J.C. Penney will still be listed on the NYSE in six months.

Mauled at the Mall
Prior to the COVID-19 outbreak, one major survey indicated that mall traffic in the United States would continue to fade. That leaves retailers with many of their locations in these buildings in major trouble. J.C. Penney appears to be suffering the worst from this trend, and then social distancing on top of that. If foot traffic to malls plunges, so does foot traffic to much of its national store footprint.

In its survey, Coresight Research said that the already slowed use of malls as locations to shop had continued to dip. The spread of the new coronavirus has only made matters worse.

The traffic through these malls had been critical to J.C. Penney. It often holds one of the anchor spots, usually at the end of a major concourse. Traffic through a mall usually moves up and down these concourses. The anchor position is the lifeblood of the stores that hold them.

As this trend continues and mall traffic fades, it’s not a leap to expect something similar at J.C. Penney.

https://247wallst.com/retail/2020/04/07 ... -commerce/
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 16 maja 2020 19:17

J.C. Penney, właściciel sieci domów towarowych ma wystąpić w nadchodzących dniach o ochronę przed roszczeniami wierzycieli, informują amerykańskie media.

Reuters donosi, że nastąpi to w przyszłym tygodniu. CNBC twierdzi, że już w piątek.
Detalista, który miał problemy jeszcze przed pandemią, ma ok. 4 mld USD długu. Obecny kryzys bardzo pogorszył sytuację spółki, która zatrudnia ok. 90 tys. ludzi w ponad 800 sklepach w USA. Według mediów J.C. Penney prowadziło już rozmowy o finansowaniu w okresie naprawczym. Wartość rynkowa spółki spadła o 83 proc. od początku roku.

https://www.pb.pl/kolejny-duzy-amerykan ... twa-991183
Pieniądz robi pieniądz a bieda robi jeszcze wiekszą biedę !!!

slayer74
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Re: J. C. Penney Company Inc. NYSE: JCP markety

Postautor: slayer74 » 19 maja 2020 22:43

Report Says Amazon Could Be Interested In JCPenney Acquisition

Amazon (AMZN) is reportedly in talks with JCPenney (JCP), the debt-laden retailer that filed for bankruptcy protection last week. Amazon stock moved up.

According to apparel industry trade publication Women's Wear Daily, Amazon has a team in Plano, Texas, where JCPenney is headquartered. The report cited an unnamed source saying there is a dialogue between the two companies.

The acquisition of JCPenney could potentially bolster the online retailer's burgeoning apparel business. It's also possible Amazon could be interested in acquiring some of the stores that JCPenney plans to sell and use them as distribution outlets.

Amazon, in a response to a request for comment, replied that it does not comment on "speculation."
...
https://www.investors.com/news/technolo ... on-report/
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