Why Penney, Macy's, Gap, Other Retailers May Have To Close More StoresDuring a recent JCPenney earnings conference call, CEO Marvin Ellison described the retail industry as the "most challenging and competitive" it has been in 50 years.
JC Penney Shares Plunge After CEO Ellison Departs For Lowe'sJ.C. Penney's CEO is leaving the company to become the top executive at Lowe's.
JC Penney Outlook Spooks Wall StreetJ.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.
Retailer + Cowboys Linebacker + YMCA = Thankful ChildrenFor the fourth year in a row JCPenney teamed up with the YMCA for their annual JCPenney Giving Spree.
JC Penney Is The Bright Spot For Retail This WeekJ.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines.
JCPenney Shares Tumble After Weak Profit OutlookJ.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25-percent in premarket trading.
JCPenney To Hire 40,000 Workers For HolidaysJCPenney said that it plans to hire more than 40,000 people during the holiday season, the same number as last year. The retailer said that it is looking for cashiers, workers to restock stores and beauty consultants.
JC Penney Extends A Gloomy Week For RetailersJ.C. Penney is reporting a loss of $62 million in its fiscal second quarter. The Plano-based company had a loss of 20 cents per share.
Losses J.C. Penney Double, Sales And Shares SlideJ.C. Penney Co. is reporting a loss of $180 million in its fiscal first quarter.
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.