JCPenney (JCP) Higher Following Large 2.1M Block Trade
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S&P Comments on JCPenney (JCP) Following Executive Shift, Financing Draw
April 18, 2013 11:21 AM EDTStandard & Poor's, of McGraw-Hill (NYSE: MHP) issued commentary on retailer JCPenney today following recent management shakeups and draw downs on revolving credit lines. It explores recent performance in the company, in addition to potential steps the retailer might take to regain some footing.
How did JCPenneyenney (NYSE: JCP) get to where it is? How was the company allowed to undertake such a risky transformation with regard to its "shops" concept and promotional strategy? It all began when an activist shareholder group allowed then-CEO Ron Johnson and his... More
