J. C. Penney Co. says a key sales measure jumped 10.1 percent in November, helped by a strong start to the holiday shopping season.
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 Co. plans to sell up to 96.6 million shares of common stock in a public offering, the latest indication the chain is looking to shore up its cash reserves.
J.C. Penney shares are trading at their lowest level in nearly 13 years as the department stores’ woes appear to be worsening.
Steven Roth, the chairman and CEO of Vornado Realty Trust, has resigned from J.C. Penney’s board, days after the real estate company told investors it planned to sell all of its stake in the struggling department store chain.
The boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.
Activist investor Bill Ackman said Friday he has lost confidence in J.C. Penney’s board and its chairman should be replaced.
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.
J.C. Penney Co.’s first-quarter revenue fell yet again and the struggling department store operator is pointing fingers at prior leadership
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.
Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.