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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
02/15/201718:58:00Retail CEOs Meet With Trump Over Border Tax Concerns -- Update
02/15/201714:16:00Retail CEOs Meet With Trump Over Border Tax Concerns
02/14/201716:35:55Statement of Ownership (sc 13g)
02/14/201714:24:28Amended Statement of Ownership (sc 13g/a)
02/14/201713:37:47Amended Statement of Ownership (sc 13g/a)
02/14/201710:55:55Amended Statement of Ownership (sc 13g/a)
02/14/201710:55:29Statement of Ownership (sc 13g)
02/14/201709:51:45Amended Statement of Ownership (sc 13g/a)
02/10/201708:31:20Amended Statement of Ownership (sc 13g/a)
02/09/201716:15:30J. C. Penney Company, Inc. to Report Fourth Quarter and Full...
01/25/201714:48:25Amended Statement of Ownership (sc 13g/a)
01/24/201708:58:26Amended Securities Registration (section 12(b)) (8-a12b/a)
01/23/201716:25:10Current Report Filing (8-k)
01/23/201716:15:32JCPenney Extends Stockholder Rights Plan to Protect Tax Benefits
01/19/201703:02:00Holiday Sales Sap Target -- WSJ
01/17/201710:00:17JCPENNEY UNDERSCORES COMMITMENT TO ACTIVEWEAR WITH LAUNCH OF...
01/07/201703:03:00Online Retailing Outpaces Stores -- WSJ
01/06/201715:05:00In-Store Declines Drag Down Traditional Retailers
01/06/201707:30:14JCPENNEY REPORTS HOLIDAY SALES UPDATE
01/05/201703:02:00Lackluster Holidays Take Toll on Macy's -- WSJ

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