JCPenney Reports $56 Million Loss In Q2JCPenney on Friday reported a loss of $56 million in its fiscal second quarter. On a per-share basis, the Plano company said that it had a loss of 18 cents. The results surpassed Wall Street expectations.
Department Stores Look To Become DestinationsDepartment stores trying to recapture their appeal to consumers are making plans to provide more experiences like spas and restaurants, and offer exclusive selections to transforms the store into more of a destination.
JC Penney Adds To The Misery In Retail As Sales FadeShares of Plano-based J.C. Penney tumbled 10 percent before the opening bell Friday after posting an unexpected sales drop, capping a miserable week for retailers.
JCPenney To Expand Appliances To Half Of Its StoresJCPenney said Monday that it will start to sell major appliances online and expand its rollout of the category to nearly 500 stores, or almost half of its locations, this summer. The move comes after a successful test.
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.