November 17, 2012 in Nation/World

J.C. Penney Co. at a Glance

Associated Press
 

NEW YORK (AP) — THE COMPANY: J.C. Penney Co. is a mid-priced department store chain that sells clothes, shoes and household goods

HEADQUARTERS: Plano, Texas

FOOTPRINT: Penney operates 1,100 stores in the U.S. and jcp.com

WORK FORCE: 100,000 employees

REVENUE AND PROFITS: For the nine-month period ended Oct. 27, Penney reported a loss of $433 million, or $1.98 per share. That’s compared with a loss of $65 million, or 30 cents in the year-ago period. Revenue dropped 23 percent to $9.1 billion.

STOCK: Penney stock trades at about $16, the lowest point since March 2009 when the U.S. was in a deep recession. Investors had pushed its stock up nearly 25 percent to about $43 after it unveiled a new everyday low pricing plan in late January. But since then, the stock has plunged 62 percent.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Thoughts and opinions on this story? Click here to comment >>

Get stories like this in a free daily email