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.
JC Penney Is The Bright Spot For Retail This WeekJ.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines.
Penney's CFO Says He And CEO Have No Plans To QuitThe 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.
JC Penney Cuts An Additional 2,200 WorkersJ.C. Penney Co. confirmed Friday it's eliminating an additional 2,200 jobs as the struggling department store chain slashes costs after a year of plunging sales and mounting losses.