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.
Shares of JCPenney plunged a day after the department store chain reported massive losses and a nearly 30 percent drop in revenue in its fiscal fourth-quarter period.
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.
Let the pots and pans fly. Two of the nation’s biggest department stores — J.C. Penney Co. and Macy’s Inc. — are expected to duke it out in court over the right to sell Martha Stewart merchandise.
JCPenney has asked a federal court to rule on whether a style of weather-resistant boots that it recently started selling can continue to be called “Aspen.”
JCPenney has amended its bank credit facility to increase its borrowing capacity as it looks to finance its multiyear transformation.
The department store is rolling out some of the hundreds of sales it ditched last year in hopes of luring back shoppers who were turned off when the discounts disappeared.
It is difficult for some people — including top-ranking executives — to find work in this economy. But an organization is helping put those former CEOs back to work.
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.
Even with stores like Wal-Mart and Target opening their doors on Thanksgiving, a lot of people still woke up early and stood in line on Black Friday.
Toys, televisions, laptops — oh, my! The flurry of Black Friday ads are enough to make your head spin. What to buy? Where to shop? And when to get in line?
Problems continue to mount for JCPenney. Large stock drops followed reports of a $123 million loss last quarter. And now, the company is making interesting moves regarding holiday sales.
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