Francis out at JCPenney after less than a year
There's more drama at JCPenney headquarters as the discount retailer announced the abrupt departure of president Michael Francis.
View ArticleJCPenney fires Johnson, rehires Ullman
JCPenney's board of directors has let CEO Ron Johnson go and rehired former chief executive Myron "Mike" Ullman.
View ArticleJCPenney Board Battles Shareholder Ackman
JCPenney chairman Thomas Engibous issues an angry statement on behalf of the board responding to major shareholder William Ackman's push for a new CEO and nomination of Allen Questrom as chairman.
View ArticleJCPenney Closing 33 Stores
JCPenney will close 33 stores in 20 states by May, a move the retailer says will save it $65 million in 2014.
View ArticleIn Other News: Seven Retailers Searching for CEOs
American Apparel, American Eagle Outfitters, Bon-Ton, Dollar General, Gordmans, JCPenney and Target are all in various stages of CEO searches.
View ArticleJCPenney Relaunching its Catalog
JCPenney plans relaunch the print catalog that it abandoned five years ago in hopes of boosting web sales.
View ArticleJCPenney Closes Foundry Stores, Plans Big & Tall Relaunch
JCPenney will relaunch the Foundry as in-store big & tall departments.
View ArticleIn Other News: Whistleblower Says JCPenney Overcharged Customers
Former JCPenney employee Robert Blatchford has filed a claim against the retailer under the State of Florida’s Private Whistleblower Act.
View ArticleJCPenney Hires Mary Beth West as New CMO
Mary Beth West, who served on JCPenney’s board of directors since 2005, will resign from that position to become the retailer’s latest EVP, chief customer and marketing officer, effective June 1. “Mary...
View ArticleJCPenney Narrows Q1 Loss, Raises FY Guidance
For the first quarter ending May 2, 2015, JCPenney reported net sales of $2.86 billion compared to $2.80 billion in the first quarter of 2014. The company narrowed its Q1 loss to $167 million, or 55...
View ArticleJCPENNEY LAUNCHES MICHAEL STRAHAN COLLECTION
The menswear collection features tailored suit separates, sportcoats, dress shirts, neckwear, belts and accessories.
View ArticleSCHMOOZING: JCPENNEY’S STAR-STUDDED ‘COLLECTION BY MICHAEL STRAHAN’ CELEBRATION
JCPenney celebrated last month’s introduction of its “Collection by Michael Strahan” with a blow-out party on September 30.
View ArticleJCPENNEY STOCK DROPS DESPITE MIXED FINANCIAL RESULTS
National retailer JCPenney delivered mixed financial news as it delivered lower quarterly earnings, but strong same store sales.
View ArticleNORDSTROM, MACY’S, JCPENNEY AMONG BEST GIFT CARDS FOR HOLIDAY SHOPPING
Nordstrom, Macy’s and JCPenney are among the retailers who offer the best gift cards for holiday shoppers,according to a new report from personal finance website GOBankingRates.com.
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J.C. PENNEY REPORTS SUCCESSFUL FOURTH QUARTER AND YEAR END
J. C. Penney Company, Inc. has reported store sales grew 4.1 percent for the fourth quarter and 4.5 percent for the full year. The post J.C. PENNEY REPORTS SUCCESSFUL FOURTH QUARTER AND YEAR END...
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JCPENNEY AND MICHAEL STRAHAN TEAM UP AGAIN FOR ACTIVE COLLECTION
JCPenney and Michael Strahan are teaming up once again, this time to launch MSX by Michael Strahan, an exclusive new line of active lifestyle apparel for men. The post JCPENNEY AND MICHAEL STRAHAN TEAM...
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J.C. PENNEY CEO MARVIN ELLISON CONTINUES TO BELIEVE IN TURNAROUND OF BUSINESS
J.C. Penney now expects an EBITDA of $1 billion, which will result in positive adjusted earnings per share, as well as an increase in comparable store sales in the 3-4 percent range. The post J.C....
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MARVIN ELLISON GAINS CHAIRMAN TITLE AT JCPENNEY
Ellison succeeds Myron E. (Mike) Ullman, III who will be retiring in accordance with the transition plan that the company outlined in 2014. The post MARVIN ELLISON GAINS CHAIRMAN TITLE AT JCPENNEY...
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JCPENNEY TO BOLSTER PRIVATE BRAND OFFERINGS AND TECHNOLOGY FOR 2017
Texas-based retailer JCPenney presented a three-year plan for accelerated growth and outlined its expectations for improved performance beyond 2017. The post JCPENNEY TO BOLSTER PRIVATE BRAND OFFERINGS...
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JCPENNEY INTRODUCES NEW BRANDS FOR MILLENNIAL MEN
JCPenney is targeting millennial men through the introduction and expansion of such brands as Argyleculture by Russell Simmons, i jeans by Buffalo and Decree, which will complement its existing brands....
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