Fresh takes on J.C. Penney (JCP -11.7%): 1) Piper Jaffray calls the company "powerless" to prevent a further deterioration of sales, expecting another $1B in cash to get burned up this year. 2) Deutsche Bank warns that with Bill Ackman losing his influence with the retailer's board he could lighten his stake and put significant pressure on shares. 3) Hedgeye thinks a sale might be a way out of the morass for new CEO Myron Ullman. "He could help to put lipstick on the pig and get it sold." (JCP timeline) [View news story]
Now to rehire the jcp associate that were laid off. they have the skills to run jcp back up
When push comes to shove it looks like it will be cash flow that forces J.C. Penney (JCP -18.8%) to make dramatic shifts in strategy. The firm fell below its target of $1B in cash by the end of Q4 and had to stretch out vendor payments just to make $930M. Analysts pushing pencil to paper can't figure out how more investments in the shops strategy won't leave the retailer at or below $300M by the end of Q1. The ideas for a turnaround are varied, but most don't include letting Ron Johnson-palooza continue. [View news story]
J.C. Penney: The Sick Man Of Retail [View article]
Jcp just needs to close it doors. The company is awful now they have no family values for there associates they treat them bad . Sad part a lot of hourly are getting laid off They refuse to hear the concerns of the Customers. it's was a great company to work for once upon a time . Mr Penney must be rolling in his grave
Dirt was flying back and forth in a New York City courtroom where attorneys from Macy's (M) are battling with their counterparts from J.C. Penney (JCP) and Martha Stewart Living Omnimedia (MSO) over a breach of contract claim. Though most of the bantering was over the finer points of the Macy's-JCP shops contract, evidence on e-mails sent out by JCP CEO Ron Johnson delivered an interesting anecdote. When push comes to shove at the retailer, it appears RJ talks strategy with Bill Ackman. [View news story]
@pedroaf not sure where you work in at JCP ? Ours store is a ghost town the only thing flying out of here is the team members getting Laid off
Fresh takes on J.C. Penney (JCP -11.7%): 1) Piper Jaffray calls the company "powerless" to prevent a further deterioration of sales, expecting another $1B in cash to get burned up this year. 2) Deutsche Bank warns that with Bill Ackman losing his influence with the retailer's board he could lighten his stake and put significant pressure on shares. 3) Hedgeye thinks a sale might be a way out of the morass for new CEO Myron Ullman. "He could help to put lipstick on the pig and get it sold." (JCP timeline) [View news story]
When push comes to shove it looks like it will be cash flow that forces J.C. Penney (JCP -18.8%) to make dramatic shifts in strategy. The firm fell below its target of $1B in cash by the end of Q4 and had to stretch out vendor payments just to make $930M. Analysts pushing pencil to paper can't figure out how more investments in the shops strategy won't leave the retailer at or below $300M by the end of Q1. The ideas for a turnaround are varied, but most don't include letting Ron Johnson-palooza continue. [View news story]
J.C. Penney: The Sick Man Of Retail [View article]
Dirt was flying back and forth in a New York City courtroom where attorneys from Macy's (M) are battling with their counterparts from J.C. Penney (JCP) and Martha Stewart Living Omnimedia (MSO) over a breach of contract claim. Though most of the bantering was over the finer points of the Macy's-JCP shops contract, evidence on e-mails sent out by JCP CEO Ron Johnson delivered an interesting anecdote. When push comes to shove at the retailer, it appears RJ talks strategy with Bill Ackman. [View news story]