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.
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.
As Holiday Season Approaches JCPenney Reports 3Q LossShares of J.C. Penney slumped Friday after the department store chain wrestled with sluggish sales, particularly in apparel. The company has reported a loss of $67 million in its fiscal third quarter.
CEO Spotlight: Marvin R Ellison, President & CEO, JC Penney Co Inc.In the latest episode, David Johnson interviewed the CEO of JC Penney, Marvin R. Ellison.
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.
Black Friday Shoppers Start Earlier Than EverBlack Friday sales are creeping earlier into Thanksgiving Day.
JC Penney Says Sept. Sales Softer Than Expected 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.
JC Penney Posts Narrower 2Q Loss, Exceeding Analysts' ExpectationsJ.C. Penney Co. on Thursday reported a narrower loss in its fiscal second quarter, and topped analysts' expectations.
J.C. Penney Teams Up With Elle Macpherson For LingerieJ.C. Penney is hoping that some supermodel magic will win over shoppers in the lingerie department.
JC Penney Sales Up During Holiday PeriodJ.C. Penney is reporting a 3.1 percent rise in comparable-store sales during the critical nine-week holiday period.