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.
JCPenney said that it has drawn $850 million from its $1.85 billion revolving credit line, a clear sign that the flailing department store chain is in a severe cash crunch.
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 published report said that JCPenney is consulting with bankers at Blackstone Group on how the struggling department store chain can raise $1 billion in cash.
Attorneys for Plano-based J.C Penney and Macy were back in court Monday to fight over the Martha Stewart brand after a month-long mediation period went nowhere. The court-ordered mediation followed nearly three weeks of testimony.
What used to be Valley View Mall is about to become a mega entertainment area. It will have condos, two luxury hotels, a surfing wave pool and fountains, office space, and plenty of shopping.
Home diva Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of JCPenney’s stores across the country.
Eight years after Martha Stewart was released from prison for lying about a stock trade, the 71-year-old home diva is on the witness stand, in the middle of a bitter legal battle between Plano-based J.C. Penney Co. and Macy’s Inc.
Eight years after Martha Stewart was released from prison for lying about a stock trade, the home diva is now facing another legal mess that may not be easy to clean up.
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.
It’s been a tough week to be Ron Johnson. After facing down investors this week over a dismal quarterly performance, the JCPenney CEO will be in the spotlight again — in court.
Latest DFW News
- Cabrera Double Lifts Tigers Over Rangers 2-1
- Tornado Victims To Return Home In Grandbury
- Mother Prepares To Bury 10-Year-Old Son Hit By School Bus
- PD: Fairview Man Murdered Son & Grandson
- Suspect Sought In Fatal West Dallas Shooting
- Why Wear Costumes To Comic Conventions?
- Agency Studying West Fertilizer Plant Fire & Explosions To Prevent Similar Occurance
- Cleanup Continues In Cleburne From Mile Wide Tornado