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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 111-121
  • Burger King profits surge in fourth quarter; shares rise

    Burger King reported Thursday that profits soared 37% in the fourth quarter as the company reduced costs and benefited from growth overseas and the popularity of new menu items. The fast-food giant, which operates 13,600 restaurants in more than 90...
  • Malls will be 'historical anachronism,' says Grove mogul Rick Caruso

    Malls will be 'historical anachronism,' says Grove mogul Rick Caruso
    Indoor malls may have a limited lifespan, according to Rick Caruso, owner of Southland centers including the Grove in the Fairfax district and the Americana at Brand in Glendale. In a Sunday keynote speech to some 4,000 people at the National Retail...
  • January retail sales fall short amid storms; J.C. Penney gets new CFO

    The winter economic blues continue. Retail sales unexpectedly fell 0.4% in January from December, the government said Thursday. That was the biggest drop in 18 months and the latest in a series of blah reports on the economy. Sales were “...
  • Eastpoint Mall sold to Baltimore firm

    Eastpoint Mall sold to Baltimore firm
    A Baltimore-based real estate company acquired the troubled Eastpoint Mall last month for $33.4 million, only slightly more than the 68-acre property fetched at auction in 2012. P. David Bramble, managing partner of buyer MCB Real Estate LLC, said the...
  • Macau casinos outpace total U.S. market, rake in record take in 2013

    Las Vegas is no longer the gambling capitol of the world. Not by a long shot. The tiny Chinese city of Macau reported a whopping $45 billion of gambling revenue in 2013, a figure analysts expect will be about seven times as much as casinos on the iconic...
  • Cyber Monday was biggest online shopping day ever, data firm says

    Bargain-hunting shoppers on Cyber Monday broke consumption records, making the online shopping bonanza the biggest e-commerce day in history, according to data from IBM Digital Analytics Benchmark. Online sales surged 20.6% compared with the same day...
  • October retail sales beat forecasts: Happy holidays after all?

    October retail sales beat forecasts: Happy holidays after all?
    Retailers are going into the Thanksgiving, Black Friday and Christmas shopping season with a smaller degree of panic after government data showed better-than-expected sales in October. Retail sales jumped 0.4% last month, according to the U.S. Census...
  • Wal-Mart laying off 2,300 Sam's Club managers and hourly workers

    Wal-Mart laying off 2,300 Sam's Club managers and hourly workers
    Wal-Mart Stores Inc. is laying off 2,300 employees in its Sam’s Club division as it tries to make its workforce leaner. In total, 2% of the 116,000 Sam’s Club employees in the U.S. will lose their jobs. Employees were being informed of the...
  • American Eagle CEO Robert Hanson abruptly steps down

    American Eagle Outfitters Inc. said after the market closed Wednesday that Chief Executive Robert Hanson has left his post after less than two years, a move that stunned Wall Street. The teen apparel retailer said Executive Chairman Jay L....
  • Stocks surge to new highs as Ukraine worries ease

    Stocks surged Tuesday as traders celebrated reports of a softening of tension in Ukraine. The three major indexes were in positive territory, with the S&P 500 trading at a record high. The Dow Jones industrial average jumped 192 points, or 1.2%, to 16,...
  • Emulate your favorite Oscar night fashion for less

    Emulate your favorite Oscar night fashion for less
    Oscar fashion and beauty have an immeasurable amount of influence on what people wear to high-profile events, including other red carpets and high school proms. So it comes as no surprise that retailers begin releasing knockoffs and real versions of Oscar...