The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.
JC Penney May Be Delisted, Warns NYSE
The retailer’s shares have been trading below $1 for nearly 30 consecutive business days, which is grounds for delisting.

Plano, Texas—J.C. Penney Co. is at risk of being delisted from the New York Stock Exchange as its share price continues to hover below $1.
Shares of the retailer fell below the $1 mark on July 19, following reports that it had hired strategic advisors and was planning a restructuring.
A company is at risk of being delisted if its shares trade under $1 for 30 consecutive business days.
J.C. Penney confirmed it had hired external advisors but said in a statement that it had not done so to prepare for in-court restructuring or bankruptcy.
The retailer said the advisors were hired to improve its capital structure and balance sheet, and noted that it did not have any “significant” debt maturities due soon and maintained a strong liquidity position.
The company received a letter from the exchange Tuesday warning that it has six months to regain compliance with the share price requirement.
A reverse stock split will be on the table at the next shareholder meeting, the company said, which reduces the number of outstanding shares to boost the price per share without affecting the company’s value or the value of shares an investor owns.
For example, an investor has 1,000 shares worth $1, which is a $1,000 value. In a one-for-10 reverse stock split, the investor then has 100 shares worth $10, which still equals $1,000.
The company said it will notify the NYSE within the next 10 business days of its plan to regain compliance.
The retailer is sitting on about $4 billion in debt, according to SEC filings.
Shares of the chain have dropped more than 70 percent over the past year, CNBC reported.
The Latest

The 4-carat, old mine brilliant-cut diamond engagement ring was co-designed by Willis and New York City-based brand Karina Noel.

Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The multisensory experience, open April 8-13, will feature the brand’s silver creations among dream-like scenes of natural landscapes.


The virtual event will take place April 7 at 3 p.m.

The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.

The educational event will take place in Charlotte, North Carolina, this May.

The independent jeweler first opened its doors in 1888.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.

The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

Lotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.