J.C. Penney Co. at a GlanceNovember 17, 2012 @ 5:31 am
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 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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