Some Retailers Go Into 2017 With Too Many StoresSome U.S. retailers, like North Texas-based J.C. Penney, have a problem they can’t easily resolve: They have too many stores. And even though they’ve announced closings, it’s increasingly likely they’ll have to shutter more.
As Holiday Season Approaches JCPenney Reports 3Q LossShares of J.C. Penney slumped Friday after the department store chain wrestled with sluggish sales, particularly in apparel. The company has reported a loss of $67 million in its fiscal third quarter.
Thanksgiving Day Shopping Is Here To Stay -- With Some TweaksThanksgiving Day shopping is a delight to some and an anathema to others, but it isn't going away and some stores are rethinking their strategies on whether it makes sense to be open on the holiday itself.
JCPenney Holding Career Fair At 15 DFW StoresJCPenney is hosting a career fair at 15 stores across North Texas on Tuesday in hopes of finding a group of 1,400 new employees, both seasonal and permanent, along with salon stylist associates.
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.