Ron Johnson « CBS Dallas / Fort Worth

Customers walk into a JCPenney store. (credit: Justin Sullivan/Getty Images)

JC Penney Shares Up On George Soros Investment

Shares 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.

2013/04/25

JCPenney Draws $850 Million From Revolving Credit Line

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.

2013/04/15

JCPenney CEO Ron Johnson attends an event on January 25, 2012 in New York City. (credit: Astrid Stawiarz/Getty Images for JCPenney)

JC Penney Ousts CEO Ron Johnson

J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company.

2013/04/08

Plano-Based JC Penney Brings Back Sales, Coupons To Win Back Customers

After losing big money and customers, Plano-based JC Penney is touching up its plans for a total makeover.

CBS 11–2013/03/13

Penney’s CFO Says He And CEO Have No Plans To Quit

The word from J.C. Penney’s Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.

2013/03/13

Time Is Running Out For Plano-Based JC Penney

The doors are still open at JCPenney stores– and the cash registers are ringing– but not nearly enough.

CBS 11–2013/03/06

JCPenney CEO To Testify In Martha Stewart Case

It’s been a tough week to be Ron Johnson. After facing down investors this week over a dismal quarterly performance, the JCPenney CEO will be in the spotlight again — in court.

2013/03/01

JCPenney Shares Plunge After Q4 Loss

Shares of JCPenney plunged a day after the department store chain reported massive losses and a nearly 30 percent drop in revenue in its fiscal fourth-quarter period.

2013/02/28

File photo of the front of a JCPenney. (credit: Getty Images)

JC Penney Starts Holiday Shopping Season Strong

JC Penney took a different approach to Black Friday than other major retailers like Target, Wal-Mart and Toys ‘R’ Us, which opened Thanksgiving evening.

CBS 11–2012/11/23

A sign marks the location of a JCPenney store. (credit: Getty Images/Scott Olson)

JCPenney Tweaks Pricing Strategy Again

Six months after the department store chain got rid of sales in favor of a three-tier pricing approach, JCPenney is eliminating one tier and bringing back the word “clearance.”

2012/07/26

JCPenney’s Stock Price Tumbles

JCPenney’s shares are tumbling a day after the company announced the departure of Michael Francis, a top executive brought in last October to help redefine the store’s brand.

2012/06/19

JCPenney Resurrects ‘Sale’ In Advertising

JCPenney CEO Ron Johnson said that the department store chain is resurrecting the word “sale” in promoting its monthlong events, the latest change to reverse a drop in customers.

2012/06/06