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Ex-JC Penney CEO On Retailers: Give Consumers A Reason To Buy...And They Will
Friday, May 20, 2016 - 12:41pm | 279Read More...Allen Questrom knows a thing or two about retail having served in senior executive positions at various stores, including CEO of J C Penney Company Inc (NYSE: JCP) between 2000 to 2005. Speaking as a guest on CNBC, Questrom offered a simple formula for retailers to attract the attention of...
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Bill Ackman Is On A Lonely Island In His Fight For A New Chairman At J.C. Penney
Monday, August 12, 2013 - 3:50pm | 408Read More...Shares of J.C. Penney (NYSE: JCP), the embattled department store chain, have been extremely volatile over the past several trading days as activist investor Bill Ackman has pushed for more changes at the company in order to return it to profitability. Ackman owns 17.7 percent of the shares of J....
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Gilford's Bernard Sosnick Tells Ackman To Get Out Of J.C. Penney (JCP)
Monday, August 12, 2013 - 9:30am | 440Read More...In a sharp criticism of activist investor Bill Ackman's strategy with J.C. Penney (NYSE: JCP), Gilford Securities' Bernard Sosnick tells Ackman to "get out: for your sake and ours." Gilford has a Buy rating on J.C. Penney. Destructive Force "Bill Ackman, in our opinion, has been a destructive...
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Strong Reaction After Bill Ackman Letter On JC Penney (JCP)
Thursday, August 8, 2013 - 1:15pm | 291Read More...Shares of JC Penney (NYSE: JCP) spiked higher at noon when a letter from Bill Ackman was released, expressing his urgency to find a new CEO. It is no new news that Bill Ackman doesn’t like current CEO Mike Ullman, after he stated intent to find a replacement shortly after Ullman took the...
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J.C. Penney Shares Surge As Ackman Calls Search For New CEO
Thursday, August 8, 2013 - 12:18pm | 112Read More...Shares of J.C. Pennery (NYSE: JCP) surged Thursday by about 6 percent as an investor letter from Bill Ackman showed that he is pushing for the firm to find a new CEO. Ackman claims that a new CEO will be in place in the next 30-45 days. Also, Ackman claims that J.C. Penney's former CEO, Allen...
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Former JC Penney CEO: Board Needs to Act
Wednesday, March 6, 2013 - 2:30pm | 290Read More...Former JC Penney (NYSE: JCP) CEO, Allen Questrom, spoke on CNBC Wednesday. He was extremely critical of Ron Johnson's turnaround strategy and stated that the board has to act now. Questrom said Ron Johnson wasn't a reliable source for the state of the company, suggesting that it was in shambles....
