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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
03/24/201717:00:28Additional Proxy Soliciting Materials (definitive) (defa14a)
03/24/201716:56:35Proxy Statement (definitive) (def 14a)
03/24/201716:40:26Annual Report (10-k)
03/21/201716:58:57Statement of Changes in Beneficial Ownership (4)
03/21/201716:57:12Statement of Changes in Beneficial Ownership (4)
03/21/201716:56:20Statement of Changes in Beneficial Ownership (4)
03/13/201712:27:27JCPENNEY ACCELERATES ITS EXPANSION IN HOME SERVICES BY TESTING...
03/10/201717:07:54Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/07/201707:29:00Short Sellers Target Mall REITs
03/03/201716:58:32Statement of Changes in Beneficial Ownership (4)
03/03/201716:56:25Statement of Changes in Beneficial Ownership (4)
03/02/201716:47:31Current Report Filing (8-k)
03/02/201716:30:18DEBORA PLUNKETT JOINS JCPENNEY BOARD OF DIRECTORS
03/01/201717:53:00Mall REITs Shrug Off Department Store Closures
03/01/201717:40:14Statement of Changes in Beneficial Ownership (4)
03/01/201717:38:36Statement of Changes in Beneficial Ownership (4)
03/01/201717:36:01Statement of Changes in Beneficial Ownership (4)
03/01/201717:36:01Statement of Changes in Beneficial Ownership (4)
03/01/201717:35:33Statement of Changes in Beneficial Ownership (4)
03/01/201717:34:06Statement of Changes in Beneficial Ownership (4)

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