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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
06/26/201516:29:58Annual Report of Employee Stock Plans (11-k)
06/23/201512:37:183 Reasons J.C. Penney Company Stock Could Rise
06/18/201509:02:20JCPENNEY PRESIDENT & CEO-DESIGNEE MARVIN ELLISON TO PRESENT AT...
06/18/201509:00:02Stability Will Be Key for New J.C. Penney CEO Marvin Ellison
06/16/201515:10:03The Retail Trick That Has J.C. Penney Company, Inc. in Hot Water
06/15/201516:58:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:21:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:19:36Initial Statement of Beneficial Ownership (3)
06/12/201516:05:17J. C. Penney Company, Inc. Grants Previously Disclosed Equity...
06/10/201519:40:03Sears' Loss Slims but It's Still a Sinking Ship
06/10/201513:20:07J.C. Penney Same-Store Sales Since 2006
06/09/201502:02:11Apple to Add Cards From Discover, Some Stores to Apple Pay--Update
06/08/201520:20:027 Surprises From Apple's WWDC Keynote
06/08/201509:01:00JCPENNEY CEO MIKE ULLMAN AND PRESIDENT & CEO-DESIGNEE MARVIN...
06/04/201516:18:30Quarterly Report (10-q)
06/02/201517:00:03Statement of Changes in Beneficial Ownership (4)
06/02/201516:58:44Statement of Changes in Beneficial Ownership (4)
06/01/201519:00:023 Reasons J.C. Penney Company's Stock Could Fall
06/01/201517:08:30Specialized Disclosure Report (sd)
05/29/201516:39:13Statement of Changes in Beneficial Ownership (4)

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