J.C. Penney is on the brink of de-listing


The American department store chain J.C. Penney is threatened to lose his listing on the New York Stock Exchange. The company’s share has been below the required minimum for quite some time, the New York Stock Exchange (NYSE) has announced. J.C. Penney now has six months to improve the situation.

The average closing price over a period of thirty trading days of J.C. Penney has fallen below 1 dollar per share, and that is not allowed according to NYSE rules. J.C. Penney now hopes to get shareholders’ approval for a reverse stock split to rise above the lower limit.

J.C. Penney has already lost about 70 percent of his stock market value in one year. The retail chain closed the first quarter with less revenue and an increasing loss. In addition, a debt of approximately $ 4 billion also weighs heavily on the company.

J.C. Penney is by no means the only American retail chain that has a hard time. Earlier this week, it was announced that the Barneys New York luxury department store had requested an extension of payment and closed three of its eight branches

By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By Maurice Eisma

Recent Posts


About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.