| Jan 8, 2014
| 7:31 AM
J.C. Penney Co. said it’s “pleased with its performance for the holiday period” and reaffirmed its forecast for the fourth quarter.
The Plano, Texas, company, which has struggled with an identity crisis in recent years, said...
| Jan 15, 2014
| 5:02 PM
J.C. Penney Co. is attempting to right-size itself by closing 33 under-performing stores around the country and eliminating 2,000 positions, the retailer said Wednesday.
The Plano, Texas, company said it hopes the effort will save $65 million a year...
| Jan 16, 2014
| 5:45 PM
It's not looking pretty for J.C. Penney.
The Plano, Texas, company said this week that it plans to close 33 under-performing stores around the country by early May and shave 2,000 jobs off its books. Chief Executive Myron Ullman called the move —...
| 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...
| 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 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...
| 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 13, 2013
| 6:50 PM
Boardroom brawling at J.C. Penney Co. has claimed its latest casualty: activist investor Bill Ackman, who stepped down as a director after publicly voicing concerns about the struggling retailer's chief executive and chairman.
The department store chain...
| 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...
| Aug 20, 2013
| 6:12 PM
J.C. Penney Co. on Tuesday reported yet another round of dismal quarterly earnings, disappointing Wall Street as the struggling retailer pushes through a turnaround effort pocked by infighting and investor concern.
In its second quarter, which ended...