Dallas-Based Tuesday Morning Files For Chapter 11 BankruptcyDallas-based discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy, becoming the third North Texas-based major retailer to do so since the coronavirus pandemic.
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.
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.
J.C. Penney To Drop Major Appliances After A Three-Year RunThe move marks the first major initiative by the company's new CEO Jill Soltau to try to turn around J.C. Penney's business.
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.
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.
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.
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.
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.
J. C. Penney Releases List Of Upcoming Store ClosuresIt was late last month with Plano-based J.C. Penney announced that nearly 150 stores would be closed over the next several months. Today the company released specific information.
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.
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.
CEO Spotlight: Marvin R Ellison, President & CEO, JC Penney Co Inc.In the latest episode, David Johnson interviewed the CEO of JC Penney, Marvin R. Ellison.