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.
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.
A New York State Supreme Court judge has rejected a motion by Martha Stewart Living lawyers to dismiss Macy’s claim that Martha Stewart breached its contract when it signed a merchandising deal with J.C Penney.
For years, coupons and promotions kept Elsa Miranda coming back to JCPenney’s—today, it was curiosity.
J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company.
After losing big money and customers, Plano-based JC Penney is touching up its plans for a total makeover.
A New York State Supreme Court Judge has ordered Macy’s, J.C. Penney and Martha Stewart Living into mediation in a bid to resolve a dispute over a partnership with the Martha Stewart brand.
The doors are still open at JCPenney stores– and the cash registers are ringing– but not nearly enough.
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling retailer’s stock.
J.C. Penney, which also is struggling with big losses and steep sales declines, could face another challenge: empty shelves. A judge told Penney’s attorneys that the chain took a risk by ordering mercandise from the company Martha Stewart founded.
Macy’s CEO Terry Lundgren testified on Monday that he hung up on home diva Martha Stewart after she called to inform him back in December 2011 that her company had signed a deal with J.C. Penney to open shops at most of the chain’s stores.
JC Penney took a different approach to Black Friday than other major retailers like Target, Wal-Mart and Toys ‘R’ Us, which opened Thanksgiving evening.