JCPenney on Friday reported a loss of $138 million in its fiscal second quarter. The department store operator posted revenue of $2.88 billion in the period.
Touting their Amazon ‘Prime Day’ sale, officials with Amazon.com say order rates Wednesday surpassed that of 2014 Black Friday sales. But some shoppers aren’t impressed with them or other retailers.
Plano department store operator JCPenney said Tuesday that it anticipates fiscal first-quarter sales at stores that have been open at least a year will top analyst expectations.
JCPenney is giving its hair salons a makeover in a bid to lure customers, who it hopes will then stay in the stores to shop. The test starts in July in four cities, including Dallas.
JCPenney announced Thursday that it will close about 40 stores this year and cut approximately 2,250 jobs, as it tries to recover from a disastrous attempt to reshape its brand.
JCPenney said Monday that Marvin Ellison, currently executive vice president of stores at The Home Depot, will become president in November and as CEO next August.
Tax Free Shopping Weekend is here! For the 16th year in a row, Texas shoppers will avoid paying state sales tax while stocking up on back-to-school essentials.
J.C. Penney’s reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. J.C. Penney Co. could increase Ullman’s base salary to $1.5 million for this year, from $810,606.
JCPenney’s chief financial officer, Ken Hannah, is leaving the department store operator. The chain has named Ed Record as his successor, effective beginning March 24.
The JCPenney shareholder rights plan can now be put into effect if an individual or group acquires 4.9 percent or more of its outstanding stock. That’s down from 10 percent.
Plano-based J.C. Penney has announced the closure of 33 stores nationwide. The stores are located in 20 different states across the country, and company officials insist none are planned for closing in Texas.
JCPenney CEO Mike Ullman showed his faith in the struggling department store chain by buying 112,000 shares of JCPenney stock at $8.95 apiece at the end of last week.