| May 1, 2013
| 12:31 PM
J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson.
The 30-second video went live on YouTube, Facebook...
| Apr 11, 2013
| 7:00 AM
Sanuk, the Irvine footwear firm known for selling its quirky sandals in surf specialty shops, is coming to beachy Santa Monica this week with its first-ever company-owned store.
The flagship shop on the Santa Monica Promenade opens Friday. The lo-fi...
| May 24, 2013
| 9:03 AM
Procter & Gamble Co. wants to make something clear to investors: The replacement of Chief Executive Bob McDonald with his predecessor A.G. Lafley is not a death knell for the company.
Far from it, said Chief Financial Officer Jon R. Moeller in a short...
| Aug 1, 2013
| 9:11 AM
J.C. Penney Co. said a New York Post article on Wednesday reporting that commercial lender CIT Group Inc. had halted funds to some of its suppliers is untrue.
In a statement Thursday, J.C. Penney said that CIT “continues to factor and support...
| Aug 9, 2013
| 9:01 AM
Activist investor Bill Ackman and the board of J.C. Penney Co. are disagreeing -- very publicly -- about who should head the struggling retailer.
Ackman and the department store chain exchanged a volley of letters and statements this week, squabbling...
| Aug 20, 2013
| 8:10 AM
J.C. Penney Co. on Tuesday reported yet another round of dismal quarterly earnings, disappointing Wall Street as the struggling retailer pushes through yet another turnaround effort pocked by infighting and investor concern.
In its second quarter (the...
| Apr 25, 2013
| 1:59 PM
Billionaire financier George Soros seems to be showing faith in J.C. Penney’s chances at a turnaround, taking a 7.9% stake in the struggling retailer.
The hedge fund titan bought nearly 17.4 million shares through his Soros Fund Management,...
| Apr 11, 2013
| 7:22 AM
Consumers shopping during a chilly March gave retail sales for the month a half-hearted push, with spending weighed down by the bitter weather, sequestration worries, ongoing economic weakness and an earlier Easter that shaved off a full selling day....
| Aug 13, 2013
| 6:54 AM
J.C. Penney’s turmoil at the top continued Tuesday as activist investor Bill Ackman stepped down from the board following a public disagreement over the struggling retailer’s choice of chief executive and chairman.
Ackman, whose Pershing...
| Aug 12, 2013
| 2:04 PM
Office Depot's 1,700 employees in Boca Raton may soon know who their new boss is.
Office Depot and OfficeMax, which agreed to a $1.2 billion merger in February, said Monday that it has narrowed down its selection to five candidates of a new chief...
| Jul 31, 2013
| 4:25 PM
A group of black and white Sanford-area pastors united by the shooting death of Trayvon Martin reconvened Wednesday for a racial-reconciliation forum they hope will spread nationwide. They hope Sanford, which did not experience violence after the...