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JC Penney Layoffs Target Some Permanent Staff -NY Post

DOW JONES NEWSWIRES In addition to its expected layoffs of thousands of seasonal workers, J.C. Penney Co. (JCP) will make cuts to its permanent staff at almost all of the retail chain's 1,200 U.S. stores, the New York Post reported Monday, citing sources. The move is part of a broader restructuring initiative. Earlier this month, the company announced that it would be closing some stores and consolidating its support operations, Dow Jones Newswires reported. Penney's two largest shareholders, Pershing Square Capital Management head William Ackman and Vornado Realty Trust (VNO), are said to be pressing Chief Executive Ron Johnson, who is credited with establishing Apple Inc.'s (AAPL) retail strength, to slim down the operation, the Post reported. Full story at http://www.nypost.com/p/news/business/penney_pinchers_HM6H3lqDL0FlxTzaeqnSMN -Dow Jones Newswires; 212-416-2900

Stock News for Jc Penney (JCP)
DateTimeHeadline
05/23/201616:39:23Statement of Changes in Beneficial Ownership (4)
05/23/201616:37:13Securities Registration: Employee Benefit Plan (s-8)
05/23/201616:35:29Securities Registration: Employee Benefit Plan (s-8)
05/23/201616:28:02Automatic Shelf Registration Statement of Securities of Well-known...
05/20/201616:30:54Current Report Filing (8-k)
05/20/201616:30:02Amended Current Report Filing (8-k/a)
05/20/201608:15:00Should Investors Revisit These Department Stores Stocks? - J...
05/17/201616:40:05Statement of Changes in Beneficial Ownership (4)
05/17/201608:37:00Home Depot Tops Views, Boosts Guidance -- Update
05/16/201617:38:14Statement of Changes in Beneficial Ownership (4)
05/13/201614:18:00J.C. Penney Posts Worse-Than-Expected Sales--4th Update
05/13/201613:54:00J.C. Penney Posts Worse-Than-Expected Sales--3rd Update
05/13/201611:56:00J.C. Penney Posts Worse-Than-Expected Sales--2nd Update
05/13/201609:19:00J.C. Penney Posts Worse-Than-Expected Sales--Update
05/13/201608:50:00J.C. Penney Posts Worse-Than-Expected Sales
05/13/201608:38:00J.C. Penney Posts Worse-Than-Expected Sales
05/13/201607:36:36Current Report Filing (8-k)
05/13/201607:29:41JCPENNEY REPORTS A 63 PERCENT INCREASE IN EBITDA TO $176 MILLION...
05/11/201612:25:00Macy's Slashes Forecasts as Sales Slump Accelerates--3rd Update
05/09/201617:28:18Current Report Filing (8-k)

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