JC Penney Landlords Close To Buying Retailer Out Of BankruptcyPenney’s lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs, during a brief hearing in bankruptcy court Wednesday.
JCPenney Moving Forward With Sale, Attorney Tells Bankruptcy JudgeThe 118-year-old company filed for Chapter 11 bankruptcy protection in mid-May.
JCPenney Losses More Than Tripled Ahead Of Bankruptcy FilingSales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing.
JCPenney Shrinking: Closing 154 Stores Next Week Including 4 In North TexasFour of those stores are in North Texas. The retailer said it could take about 10 to 16 weeks to complete the closures.
Shortly After Filing For Bankruptcy, JC Penney Announces Plan To Close More Than 240 StoresPlano-based J.C. Penney will close almost 30% of its 846 stores as part of a restructuring under bankruptcy protection.
Plano-Based JCPenney Files For BankruptcyJCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic.
Dallas ISD Student-Athlete Gets VIP Suit-Fitting, Visit From Former NBA Star Shaquille O'NealKylon Owens' impressive work as a basketball player and member of his community caught the attention of Shaq and J.C. Penney, which lead to a big surprise!
As JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate StoresTroubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses.
Low Trading Price Could Get JC Penney Kicked Off New York Stock ExchangePlano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long.
JC Penney Responds To Investors' Debt Restructuring ConcernsPlano-based J.C. Penney says it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy.
JC Penney Continues To Struggle; Posting First Quarter LossesLosses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses.
Investors Caught Off Guard By Weak Holiday Sales At Department StoresUnemployment is low, wages are rising, consumer confidence is high and gasoline is cheap, but that didn't result in more Americans loosening their purse strings this past holiday season.
Walmart Sees Sales Rise At Stores And Online, Raises OutlookWalmart raised its financial outlook for the year after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade.
J.C. Penney To Open 500 Baby Shops Amid Babies R Us DemiseJ.C. Penney is expanding the baby products it sells at stores as the retailer joins other chains trying to reel in former Babies R Us customers.
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.