J. C. Penney Releases List Of Upcoming Store ClosuresIt was late last month with Plano-based J.C. Penney announced that nearly 150 stores would be closed over the next several months. Today the company released specific information.
Despite Increased Profits, J.C. Penney To Close Some 140 StoresJ.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability.
As Holiday Season Approaches JCPenney Reports 3Q LossShares of J.C. Penney slumped Friday after the department store chain wrestled with sluggish sales, particularly in apparel. The company has reported a loss of $67 million in its fiscal third quarter.
JC Penney Adds To The Misery In Retail As Sales FadeShares of Plano-based J.C. Penney tumbled 10 percent before the opening bell Friday after posting an unexpected sales drop, capping a miserable week for retailers.
J.C. Penney Posts 4Q Loss, But Is Winning Back CustomersJ.C. Penney Co. is reporting its fourth-quarter loss widened from a year ago, dragged down by restructuring costs. But its adjusted profit met analysts' estimates and the department store chain saw an uptick in spending for the holidays.
JC Penney Looking At Possible Plano-HQ Sale & Partial LeasebackJ.C. Penney is looking to potentially sell and partially leaseback its headquarters in Plano to help lower debt and create long-term savings.
Plano-Based JCPenney Reports Loss But Tops ExpectationsJ.C. Penney Co. said Friday sales that rose 6.4 percent at established locations in the third quarter and expressed confidence about its ability to compete in the upcoming holiday shopping season.
J.C. Penney's 1Q Loss NarrowsJ.C. Penney Co. raised its guidance for a key sales measure as it reported a narrower loss in the first quarter than it had a year ago.
JC Penney Shares Slide After 4Q MissShares in J.C. Penney Co. are tumbling in aftermarket trading after the department store chain posted disappointing results for its key holiday-shopping-season quarter.
J.C. Penney 3Q Loss Narrows, But Sales SlowJ.C. Penney Co. narrowed its third-quarter loss but reported slower sales, a note of warning with the critical holiday shopping season coming up.
JC Penney CEO Gets 50-Percent Base Pay RaiseJ.C. Penney's reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. J.C. Penney Co. could increase Ullman's base salary to $1.5 million for this year, from $810,606.
JC Penney Posts 4th Straight Loss, Sales DropThe mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth quarter on a nearly 30 percent plunge in revenue in the latest sign shoppers aren't happy with the changes it's made in the past year.