J.C. Penney Co. at a Glance
NEW YORK (AP) â” 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.