J.C. Penney 3Q Loss Narrows, But Sales SlowJ.C. Penney Co. narrowed its third-quarter loss but reported slower sales, a note of warning with the critical holiday shopping season coming up.
JC Penney CEO Gets 50-Percent Base Pay RaiseJ.C. Penney's reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. J.C. Penney Co. could increase Ullman's base salary to $1.5 million for this year, from $810,606.
JCPenney CEO Invests $1 Million In StockJCPenney CEO Mike Ullman showed his faith in the struggling department store chain by buying 112,000 shares of JCPenney stock at $8.95 apiece at the end of last week.
JCPenney Key Sales Metric Up In OctoberJCPenney said that a key sales barometer rose in October for the first time in nearly two years. Sales at stores open at least a year edged up 0.9 percent last month.
JCPenney Expects Ample Year-End Liquidity JCPenney, which has faced concerns it is burning through cash, still anticipates having ample liquidity at year's end.
JCPenney Pleased With Turnaround EffortsJCPenney Co., whose shares have been tumbling on worries about its business, says that it is pleased with its turnaround efforts so far.
JC Penney Board Member Resigns, But Problems RemainThe boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.
Ackman Resigns From JCPenney BoardWilliam 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.
Activist Investor Pushes For JC Penney Chairman To GoActivist investor Bill Ackman said Friday he has lost confidence in J.C. Penney's board and its chairman should be replaced.
JCP Shares Up After Reports Of New CEO SearchShares 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.
JC Penney Shares Up On George Soros InvestmentShares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.
JC Penney Customers Want New CEO To Bring Back Coupons & PromotionsFor years, coupons and promotions kept Elsa Miranda coming back to JCPenney's—today, it was curiosity.