So JCP tanked this week on bad earnings; it closed the week at $26.29/share. I think this is an interesting situation but haven’t done anything here yet, but things are getting interesting at this price. The Situation I assume most people in the market knows what’s going on here. Bill Ackman of Pershing Square along…
Tag: JCP
America’s Favorite Store?! (Part 2)
So I listened to the second day presentation. This was more of an investor day with financial details. Much of the presentation was done by Michael Kramer, the COO of JCP. He too comes from Apple retail where he was CFO of the retail business, he became CFO of Abercrombie and Fitch and then later…
America’s Favorite Store?! (Part 1)
(JCP’s new logo) Ron Johnson joined JC Penny (JCP) as CEO back in June 2011 from Apple with great fanfare. He is the guru that was behind the amazing Apple stores. Ron Johnson was brought in after Bill Ackman (of Pershing Square Capital) and Steven Roth (or Vornado Realty Trust) took a large stake in…