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J.C. Penney: The Anticipated Effect Of Sears's Potential Closure [Seeking Alpha]

J.C. Penney Co, Inc Holding Co (JCP)  More Company Research Source: Seeking Alpha
Last j.c. penney co, inc holding co earnings: 11/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jcpenney.com
PDF 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 [Read more]

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