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.
Some Shoppers Unimpressed By “Prime Day" SalesTouting their Amazon 'Prime Day' sale, officials with Amazon.com say order rates Wednesday surpassed that of 2014 Black Friday sales. But some shoppers aren't impressed with them or other retailers.
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.
"Legacy West" Development Will Give Economic Boost To PlanoThe city of Plano cleared the way for a huge new development Monday night that could be the biggest combination of urban living and retail of its kind in North Texas.
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.
North Texans React To J.C. Penney Layoffs, Store ClosingsPlano-based J.C. Penney has announced the closure of 33 stores nationwide. The stores are located in 20 different states across the country, and company officials insist none are planned for closing in Texas.
JC Penney, Martha Stewart Scale Back Partnership Ahead of a ruling in its fight with Macy's over Martha Stewart products, Plano-based J.C. Penney Co. is scaling back its partnership with the media and merchandising company.
J.C. Penney's Largest Investor Bails OutThe move comes two weeks after Ackman resigned from J.C. Penney's board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
JCP Shares Up After Reports Of New CEO SearchShares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.
Plano Continues To Attract Big BusinessWhen Ross Perot brought EDS to Plano in the early 1980's, it served as a magnet for other major companies. Today, the city continues to attract even more business.