Shares of J.C. Penney Co. fell nearly 10 percent after the department store operator warned that its sales last month were weaker than expected and cut its outlook for a key sales measure for the current quarter.
J.C. Penney Co. on Thursday reported a narrower loss in its fiscal second quarter, and topped analysts’ expectations.
J.C. Penney is hoping that some supermodel magic will win over shoppers in the lingerie department.
J.C. Penney is reporting a 3.1 percent rise in comparable-store sales during the critical nine-week holiday period.
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.