Wednesday April 17, 2024 | Last Update: April 17, 2024 EDT
JC Penney Company, Inc. has announced in a press release that it will be significantly reducing the benefits obligations of the company’s qualified pension plan. JC Penney has also reached an agreement for The Prudential Insurance Company of America to settle a large portion of the company’s remaining pension benefits obligations.
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JC Penney Company, Inc. has announced in a press release that they are promoting John Tighe, a senior vice president and senior general manager of the company’s men’s division, to executive vice president and chief merchant effective October 1.
It's been a couple of years since JC Penney had an analyst event, and it seems that the company was expecting for a more accommodating reaction from investors that it had few days ago.
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