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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
04/23/201515:06:52JCPenney Debuts New Bedding Collection with Eva Longoria
04/23/201509:08:025 Things UnitedHealth Wants You to Know
04/23/201507:35:02Why Procter & Gamble Company Is Shedding Its Cosmetics Business
04/22/201519:05:03McDonald's Corporation Looks More Like This Failing Retailer...
04/21/201518:29:023 Reasons JC Penney Company Inc Stock Could Fall
04/18/201517:10:03Oops! J.C. Penney Company Inc. Accidentally Lets Slip It's Having...
04/16/201520:00:04Is Men's Wearhouse Stock a Buy?
04/16/201517:29:03Statement of Changes in Beneficial Ownership (4)
04/16/201516:28:59JCPenney Named One of America's Best Employers for 2015
04/15/201502:26:04Penney Sees Same-Store Sales Up 3.5%-4.5% in 1Q
04/14/201508:54:19Current Report Filing (8-k)
04/13/201517:27:25Statement of Changes in Beneficial Ownership (4)
04/13/201500:42:18If You Absolutely Must Own Retail, Look For Debt-Free Dividend...
04/08/201523:11:43J.C. Penney: Sentiment Nearing Overly Optimistic Area Again
04/08/201514:06:023 Promising Retail Stocks Trading Under $10
04/06/201519:00:03Spoiler Alert: Apple Watch Won't Save the Mall
04/06/201511:27:00JCPenney Earns Good Housekeeping Seal For Over 75 Home Products
04/05/201515:00:022 Retail Stocks Wall Street is All Wrong About
04/03/201507:23:08What's With All The J.C. Penney Upgrades?
04/02/201503:44:38Stick Around, J.C. Penney Isn't Going Out Of Business

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