J.C. Penney roundup: Channel checks and Loehmann's sour the mood

-Channel checks at J.C. Penney (JCP -0.9%) stores showed light traffic over the weekend as the retailer races against time to drive customers back to its outlets. Most analysts approve of the company's plan to cut pricier brands and move back to the basics, but the question on if it will have an immediate impact during this holiday season is still up in the air.

-The bankruptcy filed by apparel seller Loehmann's today throws a spotlight back on JCP's own financial status. Loehmann's demise was attributable in part to the rise of discounters such as Ross Stores, TJX Companies, and Stein Mart - a script JCP is trying to rewrite.

-CEO de JC Penney Mike Ullman, ha sido escogido como el nuevo presidente del Banco de la Reserva Federal de Dallas.


J.C. Penney Company, Inc. (JCP): J.C. Penney roundup: Channel checks and Loehmann's sour the mood - Seeking Alpha