Articles > Newspapers > U.S. Newspapers, Major Markets > Knight Ridder/Tribune Business News news wires > January-March 2001 > Saturday, March 24

Article: Investor Service Downgrades JC Penney Debt to Junk Status.

Article from:
Knight Ridder/Tribune Business News
Article date:
March 24, 2001
Copyright

By Donna De Marco, The Washington Times Knight Ridder/Tribune Business News

Mar. 24--This week's downgrading of JC Penney Inc.'s debt to junk status was another blow to the moderately priced department store chain, which is struggling to draw more shoppers and gain a competitive advantage after a disappointing year and holiday season.

"We think this retail franchise is in definite trouble," said Joe Grillo, senior department store analyst at Deutsche Bank Alex. Brown in San Francisco. "Until they can get consumers through their doors and be profitable we're advising (investors) to stay away from the stock."

Moody's Investors Services reduced ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Cornerstone.(JC Penney department ...
Florida Trend;  November 1, 2005 ;     571 words ... ... at Orange Avenue and Jefferson Street a new look with balconies and other architectural accents. The former JC Penney department store that most recently held rental office space now contains office condominiums selling for $195 a square foot ...

Article: US Department store JC ...
Cosmetics International;  July 14, 2006 ;     403 words ...* US DEPARTMENT store JC Penney also saw a similar rise in June, up 4.3 per cent.

Article: US Department store chain, JC Penney ...
Cosmetics International;  February 14, 2003 ;     700+ words ...US DEPARTMENT store chain, JC Penney is to cut a the number of colour cosmetic lines it carries due to falling sales. Revlon's Ultima II, Iman and Fashion Fair are among the brands to be axed.

Article: JC Penney Company Inc, US, has seen its ...
Cosmetics International;  April 25, 2002 ;     489 words ...* JC Penney Company Inc, US, has seen its department store sales increase by 6.8% to $1,252, for the five weeks ended 30 March 2002.

Article: JC Penney to close its catalog call center in ...
Standard-Examiner (Ogden, UT);  January 29, 2005 ;     700+ words ... ... Jeff Demoss Jan. 29--Department store and catalog retailer JC Penney Co. Inc. is closing ... center opened in 1972 as a JC Penney department store, but closed in the late ... call center in 1989. JC Penney traces its origins to ...

Article: JC Penney closing outlet store at Landover ...
The Washington Times;  December 4, 2000 ;     700+ words ... ... and community officials. JC Penney opened a department store in July 1996 at the Woodward ... STORES: Hecht's; Sears; JC Penney Outlet Store * Lerner ... amp; Lothrop; Raleighs; JC Penney Department Store** * The Outlet Store is ...

Article: Riverdale courting JC Penney.
Standard-Examiner (Ogden, UT);  October 13, 2006 ;     700+ words ... ... around 4181 Riverdale Road that would be anchored by a JC Penney department store. The Boyer Co. is proposing the retail development ... department store in the downtown Ogden City Mall, JC Penney could be returning to Weber County. It would be ...

Article: Lerner Enterprises and Dulles Town Center Mall, L.L.C. Announce ...
PR Newswire;  March 2, 1999 ;     700+ words ... ... C. announce the Grand Opening of the JC Penney department store at Dulles Town Center. JC Penney will be the third anchor store to open ... After a VIP reception Tuesday evening, JC Penney will officially open to the public on Wednesday ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives