J.C. Penney: The Anticipated Effect Of Sears's Potential Closure [Seeking Alpha]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
ir.jcpenney.com
Company Research
Source: Seeking Alpha
Summary I estimate that J.C. Penney will see its 2019 comps improve by +1.4% over current trends if Sears ends up closing down soon. The benefit may be hard to separate out from the effect of other items though, including whatever changes Jill Soltau starts making. This can be seen in Hudson's Bay Canada's results, where the effect of Sears Canada's closure on its sales is difficult to determine. J.C. Penney also has received $50 million for a signing/extension bonus for extending its credit card agreement until 2027. Reports indicate that Sears is being pressured to liquidate its assets , which may result in its stores closing after the holiday season. If this occurs, J.C. Penney ( JCP ) is likely to see some modest benefit from Sears going out of business soon . Impact On J.C. Penney Earlier in 2018 , I looked at the potential impact of Sears going out of business on J.C. Penney's sales. The conclusion then was that if Sears had gone out of business at the e
Show less
Read more
Impact Snapshot
Event Time:
JCP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JCP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JCP alerts
High impacting JC PENNEY news events
Weekly update
A roundup of the hottest topics