J.C. Penney partners with Grammy-winning singer Lionel Richie for home collection [MarketWatch]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: MarketWatch
J.C. Penney partners with Grammy-winning singer Lionel Richie for home collection J.C. Penney Co. Inc. JCP, +0.16% said Monday that it has partnered with Grammy-winning singer and "American Idol" judge Lionel Richie for a home collection that will include quilts, comforters and bath towels. Pricing for the Lionel Richie Home Collection will include $129.99 for a queen comforter and $39.99 for two decorative pillows. The collection is designed to coordinate with JCPenney Home, one of the retailer's most popular private labels, the company said. The two collections will be merchandised together in September. J.C. Penney shares are indicating lower in Monday premarket trading, and are down 41.5% for the past year. The S&P 500 index SPX, +0.46% is up 12% for the last 12 months.
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