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JC Penney Company Inc.

JC Penney Company Inc.
A collection of news and information related to JC Penney Company Inc. published by this site and its partners.

Top JC Penney Company Inc. Articles

Displaying items 100-110
  • Macy's settles with Martha Stewart, but J.C. Penney fight ongoing

    Martha Stewart Living Omnimedia and Macy's announced Thursday that they had settled a lawsuit that accused Stewart’s company of violating an exclusivity agreement by selling products at rival chain J.C. Penney. Neither MSLO nor Macy’s...
  • Retail sales in October surprisingly good despite Abercrombie plunge

    Retail sales in October surprisingly good despite Abercrombie plunge
    Halloween seems to have scared off the bad vibes at the mall – for now – according to data showing better-than-projected retail sales in October. One gauge, from Retail Metrics, showed same-store sales last month rising 3.7% over the same...
  • J.C. Penney defends itself amid financing speculation

    J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost. In a statement, the retailer said it is “pleased with its progress thus far in the company’s...
  • Black Friday keeps growing: Target, Toys R Us to open on Thanksgiving

    Black Friday keeps growing: Target, Toys R Us to open on Thanksgiving
    At this rate, shoppers hoping to get in on "Black Friday" deals will have to eat their turkey for lunch, as both Target and Toys R Us announced plans to open Thanksgiving evening. In its earliest opening ever, Target said it will welcome bargain hunters...
  • Staples opens on Thanksgiving instead of Black Friday

    Falling in line behind the likes of Macy’s, J.C. Penney, OfficeMax, Kmart and more, Staples is joining the horde of retailers opening its doors on Thanksgiving without bothering to wait for Black Friday. The office supply chain will open on the...
  • Retail sales weak in advance of holiday season

    Retail sales weak in advance of holiday season
    Retailers had a shaky September, as lukewarm back-to-school shopping and a plunge in car purchases caused sales to slide from August, according to the government. Retail sales last month amounted to $425.9 billion, down 0.1% from August, the U.S. Census...
  • J.C. Penney cutting 33 stores and 2,000 jobs; sales commission returns

    J.C. Penney cutting 33 stores and 2,000 jobs; sales commission returns
    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...
  • U.S. antitrust suit sheds light on US Airways business practices

    U.S. antitrust suit sheds light on US Airways business practices
    The Justice Department on Tuesday filed an antitrust suit seeking to block the merger of US Airways and American Airlines, but buried inside the complaint is some internal correspondence by US Airways executives, including Chief Executive Doug Parker,...
  • Penney broadens poison pill defense; Abercrombie ditches its version

    J.C. Penney Co. just made it easier to trigger its shareholder rights plan — a.k.a. its poison pill defense against hostile takeover attempts — leading to early speculation on Wall Street that potential buyers might be sniffing for an opening....
  • L.A. private-equity firm buys Lucky Brand Jeans for $225 million

    L.A. private-equity firm buys Lucky Brand Jeans for $225 million
    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...
  • Ackman out at J.C. Penney after spat over CEO, chairman

    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...