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(credit: Justin Sullivan/Getty Images)

Penney’s CFO Says He And CEO Have No Plans To Quit

The word from J.C. Penney’s Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.

03/13/2013

(credit: Justin Sullivan/Getty Images)

JC Penney Cuts An Additional 2,200 Workers

J.C. Penney Co. confirmed Friday it’s eliminating an additional 2,200 jobs as the struggling department store chain slashes costs after a year of plunging sales and mounting losses.

03/08/2013

JCPenny

JC Penney Posts 4th Straight Loss, Sales Drop

The mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth quarter on a nearly 30 percent plunge in revenue in the latest sign shoppers aren’t happy with the changes it’s made in the past year.

02/27/2013