Shares 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.
The 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.
J.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.
Plano-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.
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.
The 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.
Shares 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.
When 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.
Plano-based J.C. Penney is sorry, and it wants your business back. That’s the gist of its latest ad that the mid-priced department-store put on its YouTube and Facebook pages.
Plano-based J.C. Penney is confirming that Goldman Sachs will provide it with $1.75 billion in financing, sending shares up 3 percent in trading.
A judge ruled Friday that J.C. Penney can sell some goods designed by Martha Stewart that were destined for shelves this spring —for now.
Attorneys for Plano-based J.C Penney and Macy were back in court Monday to fight over the Martha Stewart brand after a month-long mediation period went nowhere. The court-ordered mediation followed nearly three weeks of testimony.