Tuesday, December 3, 2019

J.C. Penney escapes NYSE de-listing threat

Retail Dive
J.C. Penney is back in compliance with the New York Stock Exchange, the company reported Monday. The NYSE warned Penney in August that it was at risk of being dropped from the exchange following a dip in the company’s average share price below $1. The retailer regained compliance after its stock rose above the dollar mark for more than 30 consecutive trading days.

Penney shares got boosts this fall as it announced it was launching an outdoor private label apparel line for men, unveiled a re-imagined store and reported improved profit metrics in the third quarter. . . . more