J. C. Penney Company, Inc. Provides Statement on Strategic Advisors
19 Juli 2019 - 9:30PM
J. C. Penney Company, Inc. (NYSE: JCP) has issued the following
statement in light of recent reports:
“As a public company, we routinely hire external
advisors to evaluate opportunities for the Company. By working with
some of the best firms in the industry, we are taking positive and
proactive measures, as we have done in the past, to improve our
capital structure and the long-term health of our balance
sheet. We have no significant debt maturities coming due in
the near term, and we continue to maintain a strong liquidity
position. Also, given our strong liquidity position we can confirm
that we have not hired any advisors to prepare for an in-court
restructuring or bankruptcy.”
Media Relations:(972) 431-3400 or
jcpnews@jcp.comFollow @jcpnews on Twitter for the latest
announcements and Company information.
Investor Relations:(972) 431-5500 or
jcpinvestorrelations@jcp.com
About JCPenney:J. C. Penney Company, Inc.
(NYSE: JCP), one of the nation’s largest apparel and home
retailers, combines an expansive footprint of over 860 stores
across the United States and Puerto Rico with a powerful e-commerce
site, jcp.com, to deliver style and value for all hard-working
American families. At every touchpoint, customers will discover
stylish merchandise at incredible value from an extensive portfolio
of private, exclusive and national brands. Reinforcing this
shopping experience is the customer service and warrior spirit of
approximately 95,000 associates across the globe, all driving
toward the Company's mission to help customers find what they love
for less time, money and effort. For additional information, please
visit jcp.com.
Forward-Looking StatementsThis release
may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such
as "expect" and similar expressions identify forward-looking
statements, which include, but are not limited to, statements
regarding sales, cost of goods sold, selling, general and
administrative expenses, earnings and cash flows. Forward-looking
statements are based only on the Company's current assumptions and
views of future events and financial performance. They are subject
to known and unknown risks and uncertainties, many of which are
outside of the Company's control that may cause the Company's
actual results to be materially different from planned or expected
results. Those risks and uncertainties include, but are not limited
to, general economic conditions, including inflation, recession,
unemployment levels, consumer confidence and spending patterns,
credit availability and debt levels, changes in store traffic
trends, the cost of goods, more stringent or costly payment terms
and/or the decision by a significant number of vendors not to sell
us merchandise on a timely basis or at all, trade restrictions, the
ability to monetize assets on acceptable terms, the ability to
implement our strategic plan including our omnichannel initiatives,
customer acceptance of our strategies, our ability to attract,
motivate and retain key executives and other associates, the impact
of cost reduction initiatives, our ability to generate or maintain
liquidity, implementation of new systems and platforms, changes in
tariff, freight and shipping rates, changes in the cost of fuel and
other energy and transportation costs, disruptions and congestion
at ports through which we import goods, increases in wage and
benefit costs, competition and retail industry consolidations,
interest rate fluctuations, dollar and other currency valuations,
the impact of weather conditions, risks associated with war, an act
of terrorism or pandemic, the ability of the federal government to
fund and conduct its operations, a systems failure and/or security
breach that results in the theft, transfer or unauthorized
disclosure of customer, employee or Company information, legal and
regulatory proceedings and the Company’s ability to access the debt
or equity markets on favorable terms or at all. There can be
no assurances that the Company will achieve expected results, and
actual results may be materially less than expectations. Please
refer to the Company's most recent Form 10-K for a further
discussion of risks and uncertainties. Investors should take such
risks into account and should not rely on forward-looking
statements when making investment decisions. Any
forward-looking statement made by us in this press release is based
only on information currently available to us and speaks only as of
the date on which it is made. We do not undertake to update
these forward-looking statements as of any future date.
###
J C Penney (NYSE:JCP)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
J C Penney (NYSE:JCP)
Historical Stock Chart
Von Mai 2023 bis Mai 2024