Despite Increased Profits, J.C. Penney To Close Some 140 StoresJ.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability.
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.
After The Turkey, Some Hit The Shops To Start Holiday SeasonAfter enjoying the Thanksgiving turkey, some Americans hit the shops for what retailers hope will be a new tradition to start the holiday shopping season.
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.
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.
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.
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.
Some Shoppers Unimpressed By “Prime Day" SalesTouting their Amazon 'Prime Day' sale, officials with Amazon.com say order rates Wednesday surpassed that of 2014 Black Friday sales. But some shoppers aren't impressed with them or other retailers.
JC Penney Shares Slide After 4Q MissShares in J.C. Penney Co. are tumbling in aftermarket trading after the department store chain posted disappointing results for its key holiday-shopping-season quarter.
"Legacy West" Development Will Give Economic Boost To PlanoThe city of Plano cleared the way for a huge new development Monday night that could be the biggest combination of urban living and retail of its kind in North Texas.
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.
North Texans React To J.C. Penney Layoffs, Store ClosingsPlano-based J.C. Penney has announced the closure of 33 stores nationwide. The stores are located in 20 different states across the country, and company officials insist none are planned for closing in Texas.
JC Penney, Martha Stewart Scale Back Partnership Ahead of a ruling in its fight with Macy's over Martha Stewart products, Plano-based J.C. Penney Co. is scaling back its partnership with the media and merchandising company.