JC Penney Co Inc: All Recent News

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Catalog Themes In Keeping With the Times 1:12 PM

For me the holiday kicked off weeks before Black Friday and Cyber Monday. By Veterans Day at least 40 catalogs had landed in my mailbox -- pushing holiday toys Christmas sweaters and even delicacies from a deli in Ann Arbor.What ever happened to the Internet making print obsolete?Despite my personal deluge the Internet does overshadow catalog sales and has for years according to the Direct Marketing Association (DMA). In 2008 catalogs gathered $137.7 billion in sales compared to $480.8 billion for the Internet. In a report co-produced by the DMA and the United States Postal Service 19.5... At Minyanville

Consumers' Mood Upbeat Heading Into Shopping Season 11:43 AM

... At Wall Street Journal

Consumers' Debt Stress Means More Scrooge, Less Santa 11/23/2009

A lot more Americans are feeling stressed out by debt this holiday season raising the glum likelihood they'll behave like Scrooge rather than Santa. In fact fully 93% say they'll spend less or about the same as last year according to an Associated Press-GfK poll. About 20% say they are suffering from debt-related stress up from 15% in the spring despite all the talk about economic recovery. Most people -- 80% -- say they'll use mostly cash to pay for their holiday shopping and that generally means buying less. For example Joy McGavin 26 of Pittston Pa. says she will cut ... Minyanville

Credit Card Late Payments Decline for Third Quarter 11/23/2009

Consumers continue to take control of their debt as the delinquency rate on credit cards heads toward 1%.Customers making late payments on bank-issued cards like those bearing MasterCard (MA) and Visa (V) logos fell to 1.1% for the June-to-September period down 5.98% over the previous quarter according to credit reporting agency TransUnion.The decline is significant not just for its size but also for its timing since delinquency rates usually rise in the third quarter from the prior period said Ezra Becker of TransUnion's financial services group. Taken together with the more than 11% decline... Minyanville

JCPenney Extends “Cyber Monday” to Two-Day Online Sale 11/23/2009

J. C. Penney Company, Inc. (NYSE:JCP) today announced that it will offer its Cyber Monday online specials an entire day earlier this year, making Sunday, Nov. 29 to Monday, Nov. 30 JCPenney’s... Business Wire

Holiday Season Make Or Break For Consumer (And Stocks) 11/20/2009

... At Wall Street Journal

J.C. Penney CEO Bullish on Recession 11/20/2009

This holiday season J.C. Penney (JCP) CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain and he's ready to battle key rivals like Macy's (M). During more than two decades in retailing Ullman has seen a slew of competitors go out of business and -- as Macy's CEO in the early 1990s -- even succumbed to a hostile takeover bid from Federated Department Stores. But he says nothing presented the kinds of challenges that Penney's and other stores face now. He believes this recession has permanently ... Minyanville

($) Bad Breadth 11/20/2009

The fact that breadth stinks isn't always urgent. I'm bothered more by how sentiment didn't exactly turn bearish Thursday. At TheStreet.com

Penney CEO: Why the recession is good news for us 11/19/2009

NEW YORK (AP) - This holiday season, J.C. Penney CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle key rivals like Macy's. Associated Press

JCPenney Announces Biggest Black Friday Sale Ever 11/19/2009

J. C. Penney Company, Inc. (NYSE:JCP) today announced its biggest Black Friday sale ever. With an array of irresistible Black Friday specials – an increase of 15 percent over last year – customers... Business Wire

Bio Box: Penney CEO Mike Ullman 11/19/2009

(AP) - NAME: Myron E. Ullman III, known as Mike... Associated Press

Sears Posts Another Loss 11/19/2009

Sears posts its second straight quarterly loss. At TheStreet.com

Some Retailers Set For Holiday Cheer 11/19/2009

Times are tough, but a handful of chains have figured out ways to make money. At Forbes

Two Ways To Play: Amazon Gets Downgraded 11/19/2009

Amazon Downgraded Needham & Company downgraded Amazon (AMZN) from Buy to Hold.In a story by Barron’s the firm said that although it believes the online retailer is one of the premier US companies and should be a core holding in investor’s portfolios it thinks the stock is getting ahead of itself.Needham says the current price now implies a long-term revenue growth that will be increasingly difficult to achieve. Its valuation model assumes an annual revenue growth rate at 25% for 10 years while maintaining a 25% margin. Using this assumption it translates at a price target of... Minyanville

JC Penney to stop publishing 'big book' catalogs 11/18/2009

PLANO, Texas (AP) - J.C. Penney will stop publishing its twice-yearly "big book" catalogs, now that customers increasingly shop online. Associated Press

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