Struggling retailer JCPenney is adopting a “poison pill” shareholder plan just two days after reporting its sixth straight quarter of big losses and steep revenue declines.
JCPenney is reporting another big loss on a nearly 12 percent drop in revenue for the second quarter.
JCPenney and its largest shareholder, William Ackman, have made a deal that sets terms for allowing him to unload his stake in the company.
Struggling retailer JCPenney is under fire again, this time for one of the company’s latest ‘back to school’ television advertisements.
William Ackman has resigned from JCPenney’s board as part of a deal to resolve a public battle between the activist investor and the struggling department store operator.
Shares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.
Beleaguered department store JCPenney named Kraft Foods executive Debra Berman as senior vice president of marketing to help revitalize the struggling brand.
Attorneys for JCPenney and Macy’s are back in court Thursday to present closing arguments in a contract dispute over a partnership with the Martha Stewart brand.
A billboard in Culver City, CA has had bloggers buzzing about its uncanny resemblance to former German Nazi Chancellor Adolf Hitler.
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.