J.C. Penney Posts 4Q Loss, But Is Winning Back CustomersJ.C. Penney Co. is reporting its fourth-quarter loss widened from a year ago, dragged down by restructuring costs. But its adjusted profit met analysts' estimates and the department store chain saw an uptick in spending for the holidays.
JC Penney Looking At Possible Plano-HQ Sale & Partial LeasebackJ.C. Penney is looking to potentially sell and partially leaseback its headquarters in Plano to help lower debt and create long-term savings.
JCPenney To Start Selling Home Appliances AgainJCPenney will sell refrigerators, washing machines and other appliances at some of its stores for the first time in more than 30 years. Department store operators have been looking for ways to shake up their offerings.
Plano-Based JCPenney Reports Loss But Tops ExpectationsJ.C. Penney Co. said Friday sales that rose 6.4 percent at established locations in the third quarter and expressed confidence about its ability to compete in the upcoming holiday shopping season.
JCPenney To Make $50 Million Available To Settle LawsuitJCPenney said Wednesday that it will make $50 million available to settle a false advertising lawsuit. JCPenney denies the allegations and said that it entered the settlement to end the burden and expense of litigation.
JCPenney To Hire 650 in DFW For HolidaysThe retailer says, "Cheery local associates are needed" for seasonal work.
JCPenney Reports $138 Million Q2 LossJCPenney 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.
Some Shoppers Unimpressed By “Prime Day" SalesTouting 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.
JCPenney Expects Strong Q1 Sales MetricPlano 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 Giving Hair Salons A MakeoverJCPenney 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 Closing 40 Stores This YearJCPenney 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 Names Ellison As Next CEOJCPenney 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.