#JCPenney

Stacey Cunningham is set to become the New York Stock Exchange’s first female leader in its 226-year history. About damn time. Ms. Cunningham, the current NYSE COO, will assume her new position this Friday and become the exchange’s 67th president. With the changing of the guard, two of the world’s

Hear that? It’s the hopes and dreams of brick and mortar outlets being crushed by online retailers. JCPenney, the preferred back-to-school shopping mecca of middle-class, suburban moms was dealt another blow on Friday. Its shares dropped 10% on the news that it will be laying off 360 employees and

Authored by Mike Shedlock via MishTalk.com, JCPenney announced a $62 million dollar loss for the quarter. With the announcement, its share price plunged 16% breaking the $4 barrier for the first time. Stocks under $5 are considered “penny” stocks. This was the worst week for Retailers since Dec

Authored by Mike Krieger via Liberty Blitzkrieg blog, The banker bailouts of the 2008/09 period changed my life forever. I was working on Wall Street at the time, and the way in which the government rallied around the financial institutions that torched the world and left its victims in the dust

Having crashed one month ago on abysmal numbers and ugly guidance, resulting in an even greater pile up of shorts in the luxury retailer, which most recently reportedly over 22% of the float was short, moments ago a million shorts cried out in terror and were suddenly silenced when Nordstrom