As people begin to change their shopping habit from brick and mortar stores to online shopping, many retailers are finding that changing is necessary to keep up with the change in behavior. JC Penney is a store that was following the track of Sears in that it is becoming obsolete. Recently, they have made the changes to slowly begin the transition back into competition, but there is still a long road ahead as people begin shopping there less and less. Unlike Sears, this company still has a chance. [more
J C Penney Company Inc (JCP) is traded on New York Stock Exchange in USA. It is located in TEXAS, U.S.A and employs 105,000 people. JC Penney is listed under Retail category by Fama And French industry classification and specializes in Consumer
with concentration in Diversified Wholesale And Retail
. The company currently falls under 'Mid-Cap
' category with total capitalization of 2.22 B. J C Penney Company Inc runs under Consumer
sector within Diversified Wholesale And Retail
industry. This company has 305.9 M outstanding shares of which 59.94 M shares are currently shorted by investors with about 4.3 days to cover shorted positions.
PENNEY J C CO HOL has about 900 M in cash with 440 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.59.
Check JC Penney Probability Of Bankruptcy