Why Penney, Macy's, Gap, Other Retailers May Have To Close More StoresDuring a recent JCPenney earnings conference call, CEO Marvin Ellison described the retail industry as the "most challenging and competitive" it has been in 50 years.
JC Penney Shares Plunge After CEO Ellison Departs For Lowe'sJ.C. Penney's CEO is leaving the company to become the top executive at Lowe's.
JC Penney Outlook Spooks Wall StreetJ.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.
JC Penney Is The Bright Spot For Retail This WeekJ.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines.
JCPenney Shares Tumble After Weak Profit OutlookJ.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25-percent in premarket trading.
JC Penney Extends A Gloomy Week For RetailersJ.C. Penney is reporting a loss of $62 million in its fiscal second quarter. The Plano-based company had a loss of 20 cents per share.
Losses J.C. Penney Double, Sales And Shares SlideJ.C. Penney Co. is reporting a loss of $180 million in its fiscal first quarter.
J.C. Penney Delays Closing Of 138 Stores By Several WeeksJ.C. Penney says it is delaying the closure of 138 stores by several weeks to take advantage of better-than-expected sales at those locations.
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.
Some Retailers Go Into 2017 With Too Many StoresSome U.S. retailers, like North Texas-based J.C. Penney, have a problem they can’t easily resolve: They have too many stores. And even though they’ve announced closings, it’s increasingly likely they’ll have to shutter more.
After The Turkey, Some Hit The Shops To Start Holiday SeasonAfter enjoying the Thanksgiving turkey, some Americans hit the shops for what retailers hope will be a new tradition to start the holiday shopping season.