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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
12/01/201608:30:28JCPENNEY.COM DELIVERS A WONDERLAND OF UNEXPECTED GIFTS
11/30/201617:17:55Quarterly Report (10-q)
11/25/201603:02:00Black Friday Push Gets an Early Start -- WSJ
11/24/201620:19:00Retailers Push Early Start to Black Friday Sales -- 2nd Update
11/24/201617:24:00Retailers Push Early Start to Black Friday Sales -- Update
11/24/201608:29:00Retailers Push Early Start to Black Friday Sales
11/23/201603:02:00Big-Name Brands Go to War Over Department Store Sales -- WSJ
11/22/201613:00:00Correction to Holiday Shopping Article
11/22/201611:29:00Retailers Find More Brands Want Out of Sales Promotions
11/21/201616:57:36Statement of Changes in Beneficial Ownership (4)
11/18/201617:37:20Statement of Changes in Beneficial Ownership (4)
11/16/201603:02:00Retail Signals Strength As the Holidays Loom -- WSJ
11/16/201600:48:00Shoppers Ramp Up Spending Ahead of Key Holiday Shopping Season...
11/15/201614:31:00Shoppers Ramp Up Spending Ahead of Key Holiday Shopping Season...
11/15/201612:50:00Shoppers Ramp Up Spending Ahead of Holiday Shopping Season
11/15/201611:40:00Shoppers Ramp Up Spending Ahead of Key Holiday Shopping Season
11/11/201610:10:00J.C. Penney Reports Surprising Sales Decline
11/11/201607:30:30JCPENNEY REPORTS A $39 MILLION INCREASE IN OPERATING INCOME FOR...
11/10/201618:10:00Nordstrom Reports Higher Sales
11/10/201613:00:00Department Stores Struggle With Declining Sales

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