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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
08/26/201516:08:00JCPENNEY CEO MARVIN ELLISON TO PRESENT AT GOLDMAN SACHS GLOBAL...
08/26/201509:00:00JCPENNEY SUCCESSFULLY POWERS THROUGH ENERGY SAVING PROGRAMS
08/18/201510:47:11JCPENNEY CELEBRATES 10TH ANNIVERSARY OF NICOLE BY NICOLE MILLER®...
08/18/201508:30:00Francesca's Merchandising Chief Resigns
08/17/201516:40:18Statement of Changes in Beneficial Ownership (4)
08/14/201508:50:08J.C. Penney Continues Improvement
08/14/201507:50:23Current Report Filing (8-k)
08/14/201507:45:26JCPENNEY REPORTS A 4.1 PERCENT INCREASE IN SAME STORE SALES AND...
08/04/201516:04:41J. C. Penney Company, Inc. to Report Second Quarter 2015 Financial...
08/04/201509:59:16U.S. Hot Stocks: Hot Stocks to Watch
08/03/201518:32:44J.C. Penney Hires Home Depot, Target Executives to Boost Online...
08/03/201516:30:37JCPenney Announces Two Senior Executive Appointments to Propel...
07/31/201516:34:07Statement of Changes in Beneficial Ownership (4)
07/29/201509:40:00Technical Scrutiny on Department Stores Stocks -- J. C. Penney...
07/28/201516:33:44Statement of Changes in Beneficial Ownership (4)
07/28/201516:32:49Initial Statement of Beneficial Ownership (3)
07/21/201517:08:55Current Report Filing (8-k)
07/21/201517:00:26MANDY GINSBERG TO JOIN JCPENNEY BOARD OF DIRECTORS
07/21/201508:30:00JCPENNEY RINGS IN THE SCHOOL YEAR WITH TREND-BENDING STYLES TO...
07/15/201519:26:09Activist Knocks on Macy's Door--3rd Update

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