Joe Fresh

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...

J.C. Penney(NYSE: JCP) is up $1.29, more than eight percent on news that ISI Group analyst Omar Saad said in a note to investors that the retailer may decide to convert its 300 top locations into a real estate investment trust, or REITs. With this move, the company could sublet space to other...