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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
09/22/201609:30:26JCPENNEY SUPPORTS NATIONAL BREAST CANCER AWARENESS MONTH
09/21/201617:08:25Current Report Filing (8-k)
09/21/201616:15:09PAUL BROWN JOINS JCPENNEY BOARD OF DIRECTORS
09/20/201612:43:14JCPENNEY INTRODUCES HIGH-END ASSORTMENT OF COOKS SIGNATURE(TM...
09/12/201610:55:01JCPENNEY CELEBRATES 40 YEARS OF LIZ CLAIBORNE® WITH THE "40...
09/09/201616:40:00Wal-Mart to Stop Selling Welspun India's Egyptian Cotton Sheets...
09/06/201616:47:23Statement of Changes in Beneficial Ownership (4)
09/06/201616:46:06Statement of Changes in Beneficial Ownership (4)
09/01/201609:06:04JCPENNEY DEBUTS FALL CAPSULE COLLECTION BY PLUS-SIZE DESIGNER...
08/30/201616:09:36Quarterly Report (10-q)
08/30/201607:01:00Today's Top Supply Chain and Logistics News From WSJ
08/29/201616:42:00At Ports, a Sign of Altered Supply Chains
08/26/201603:03:00Cotton Supplier Faced Wal-Mart Scrutiny Before -- WSJ
08/25/201617:58:00Unclear How Investigation Turned Out; No Comment from Wal-Mart
08/25/201614:02:26Statement of Changes in Beneficial Ownership (4)
08/25/201608:50:00Indian Firm Admits 'Error' After Target Cuts Ties Over Cotton...
08/24/201617:10:00More U.S. Retailers Probe Indian Supplier of 'Egyptian Cotton'
08/24/201617:03:00More U.S. Retailers Probe Indian Supplier of 'Egyptian Cotton'
08/24/201616:55:00Bed Bath & Beyond to Audit Egyptian Cotton Supplier -- Update
08/23/201604:30:00Wal-Mart Probes Whether India Company Misrepresented Cotton Sheets

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