| Dec 10, 2013
| 9:08 AM
Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is...
| 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 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 13, 2013
| 11:08 AM
With a growing number of college graduates returning home, the so-called boomerang kids are giving themselves until 27 to leave the nest – again.
Their parents and the rest of America, however, might not feel the same, according to a survey of 2,...
| 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 22, 2013
| 8:15 AM
J.C. Penney Co. is girding itself against wannabe corporate raiders, adopting a shareholder rights plan known as a poison pill after reporting yet another quarter of dismal earnings.
The tactic attempts to fend off hostile acquisitions by making it...
| 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...
| 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...
| Jul 11, 2013
| 8:02 AM
"Modern Family's" Sofia Vergara admits she has a fondness for Hermes Birkin bags. In August's Harper's Bazaar, she says she tells her agent: “What would you prefer? Me popping champagne bottles and doing drugs and wasting money or buying bags? These...
| Dec 9, 2013
| 12:49 PM
Retailers slammed with preparations for the Thanksgiving and Black Friday shopping bonanza last month added 471,000 workers to payrolls -- a number that fell 4.7% short of the record 494,400 seasonal employees brought on board during November 2012.
| Oct 18, 2013
| 10:42 AM
It’s not just Macy’s turning Black Friday this year into Black Thursday – J.C. Penney also plans to open its doors before the turkey’s cold on Thanksgiving Day.
The retailer will admit holiday shoppers starting at 8 p.m. on Nov....