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Mike Ullman of JC Penney: 'Our Fundamental Business Processes are Still Strong'
Monday, May 20, 2013 - 11:05am | 381Read More...After J.C. Penney (NYSE: JCP) missed Q1 EPS estimates by more than 50 percent last week, Mike Ullman described the tough situation he faces as CEO in a conference call with investors. Ullman opened the call by noting his conversation with investors and stating, “our fundamental business processes...
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J.C. Penney Going Back to 'Mark-Up to Mark-Down' Sales Practice
Wednesday, March 27, 2013 - 3:57pm | 544Read More...Ron Johnson's plan for J.C. Penney (NYSE: JCP) has failed. According to the New York Post, the former Apple (NASDAQ: AAPL) executive and current J.C. Penney CEO attempted to radically change the company's pricing structure in an effort to re-shape the brand, but instead the retailer has driven...
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Warnaco Soars on PVH Buyout; Stock Up More Than 37%
Wednesday, October 31, 2012 - 1:53pm | 421Read More...Warnaco Group (NYSE: WRC) is one of the top gaining stocks on the New York Stock Exchange Wednesday after the retail conglomerate agreed to be acquired by PVH Corp. (NYSE: PVH) in a $2.9 billion deal. Around mid-day, WRC was trading up a little less than 38 percent to $70.00. PVH has also gotten a...
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Earnings Preview: Phillips-Van Heusen Revenue Expected to Double
Monday, May 30, 2011 - 8:44am | 418Read More...Phillips-Van Heusen (NYSE: PVH) is set to report first-quarter fiscal 2011 results Tuesday, May 31, after the markets close. Analysts are looking for the shirt maker to report that earnings grew 28.4% from a year ago to $1.16 per share. That consensus earnings estimate is unchanged from 30 days ago...
