ADVFN - Advanced Financial Network.
HOME» NYSE » J » JCP Stock Price » JCP Stock News

Jc Penney Share News

 Penney (j.c.) Co.,inc. (holding Co.) Stock Price
JCP Stock Price
 Penney (j.c.) Co.,inc. (holding Co.) Stock Chart
JCP Stock Chart
 Penney (j.c.) Co.,inc. (holding Co.) Stock News
JCP Stock News
 Penney (j.c.) Co.,inc. (holding Co.) Company Information
JCP Company Information
 Penney (j.c.) Co.,inc. (holding Co.) Stock Trades
JCP Stock Trades

Penney To End Commissions For Some In Favor Of Hourly Wages

(This article was originally published Thursday.) By Karen Talley Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- J.C. Penney Co. (JCP) is ending the practice of paying commissions to employees in certain departments, a move seen saving the retailer money and furthering its transformation under Chief Executive Ron Johnson. Company spokeswoman Kate Coultas said the affected workers will be put on hourly wages and that the moves "enable our teams to be even more effective in winning the hearts and minds of our customers." Coultas didn't elaborate. The moves affect sales staff in fine jewelry, shoes, window coverings, men's suits and some in salon. The changes take effect this month. "Our new business model requires that we move away from a commission-based environment so that every team member is motivated by meeting the needs of our customers," Coultas said. "Therefore, our commission pay plans will move from a commission-based structure to a competitive hourly rate structure." The move is the latest store-level change at J.C. Penney, which last week let go an undisclosed number of store staff at its 1,100 locations, many of whom were in supervisory positions. J.C. Penney has also laid off 600 employees at its Plano, Texas, headquarters and an additional 300 will lose their jobs at the end of June when a Pittsburgh call center is closed. The goal is for a more streamlined operation, CEO Johnson has said, as he tries to remodel Penney from a stodgy department store into an array of shops-within-shops that eschews promotions. Johnson joined Penney in November after heading Apple Inc.'s retail stores. Signs of how the business plan is doing will be offered next week, when Penney reports first-quarter results. -By Karen Talley, Dow Jones Newswires; 212-416-2196; karen.talley@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
06/30/201516:36:19Statement of Changes in Beneficial Ownership (4)
06/26/201516:29:58Annual Report of Employee Stock Plans (11-k)
06/23/201512:37:183 Reasons J.C. Penney Company Stock Could Rise
06/18/201509:02:20JCPENNEY PRESIDENT & CEO-DESIGNEE MARVIN ELLISON TO PRESENT AT...
06/18/201509:00:02Stability Will Be Key for New J.C. Penney CEO Marvin Ellison
06/16/201515:10:03The Retail Trick That Has J.C. Penney Company, Inc. in Hot Water
06/15/201516:58:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:21:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:19:36Initial Statement of Beneficial Ownership (3)
06/12/201516:05:17J. C. Penney Company, Inc. Grants Previously Disclosed Equity...
06/10/201519:40:03Sears' Loss Slims but It's Still a Sinking Ship
06/10/201513:20:07J.C. Penney Same-Store Sales Since 2006
06/09/201502:02:11Apple to Add Cards From Discover, Some Stores to Apple Pay--Update
06/08/201520:20:027 Surprises From Apple's WWDC Keynote
06/08/201509:01:00JCPENNEY CEO MIKE ULLMAN AND PRESIDENT & CEO-DESIGNEE MARVIN...
06/04/201516:18:30Quarterly Report (10-q)
06/02/201517:00:03Statement of Changes in Beneficial Ownership (4)
06/02/201516:58:44Statement of Changes in Beneficial Ownership (4)
06/01/201519:00:023 Reasons J.C. Penney Company's Stock Could Fall
06/01/201517:08:30Specialized Disclosure Report (sd)

Jc Penney and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad