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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
06/27/201617:11:34Annual Report of Employee Stock Plans (11-k)
06/27/201616:10:00Forever 21 Shipping Firm Drops Retailer, Citing Slow Business
06/24/201606:13:57Current Report Filing (8-k)
06/23/201616:20:28JCPENNEY ANNOUNCES SUCCESSFUL CLOSING OF REAL ESTATE TERM LOAN...
06/16/201617:08:09Statement of Changes in Beneficial Ownership (4)
06/13/201616:42:07Statement of Changes in Beneficial Ownership (4)
06/09/201616:30:26Current Report Filing (8-k)
06/09/201616:20:36JCPenney Announces Pricing of Offering of Senior Secured Notes
06/09/201607:32:13Current Report Filing (8-k)
06/08/201616:15:10JCPENNEY CEO MARVIN ELLISON TO PRESENT AT PIPER JAFFRAY CONSUMER...
06/03/201617:04:00Statement of Changes in Beneficial Ownership (4)
06/03/201617:02:44Statement of Changes in Beneficial Ownership (4)
06/02/201616:52:06Current Report Filing (8-k)
06/01/201617:22:21Statement of Changes in Beneficial Ownership (4)
06/01/201610:02:27Current Report Filing (8-k)
06/01/201608:00:51JCPENNEY ANNOUNCES PLANS TO REFINANCE $2.25 BILLION REAL ESTATE...
05/31/201616:23:36Specialized Disclosure Report (sd)
05/31/201616:21:24Quarterly Report (10-q)
05/26/201617:03:43Statement of Changes in Beneficial Ownership (4)
05/26/201617:02:24Statement of Changes in Beneficial Ownership (4)

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