Dive Summary:

• Embattled U.S. retailer J.C. Penney will be exchanged on the S & P 500 by Allegion Plc., Bloomberg reports.
• In 2013, J.C. Penney's market value took a tumble of 37%, hitting $2.7 billion, and public shares in the company have fallen roughly 55% during that time.
• The hair-raising loss of revenue enticed J.C. Penney to reinstate ousted CEO Myron Ullman to replace Ron Johnson in a widely publicized debacle earlier this year.

Dive Insight:

Texas-based J.C. Penney has incurred staggering quarterly losses reaching into the hundreds of millions this year, company’s lowest sales figures in nearly 20 years. But losses declined in quarterly earnings released Nov.2 and J.C. Penney remains publicly optimistic its turnaround effort will help change the tide for the company during the upcoming holiday shopping season.