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Penney CEO says company needs time to climb out of 'abyss'
Reuters(Reuters) - J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer. Penney reported another steep...Tags: Corporate Officers, Kohl's, Macy's, Inc., Prices, Companies and Corporations
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Cinemark to build 14-screen movie theater at Carson mall
Cinemark Holdings Inc., the nation's third-largest theater chain, is bulking up in Los Angeles County with plans to open a multiplex at the SouthBay Pavilion shopping mall in Carson. Vintage Real Estate, which owns and manages SouthBay Pavilion, said it...
Tags: Sears, Arts and Culture, Target, Old Navy, Entertainment
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The day ahead in business May 16
Reports: Initial jobless claims for week ended May 11, 7:30 a.m; Consumer price index for April, 7:30 a.m.; Housing starts/building permits for April, 7:30 a.m.; Philadelphia Fed survey for May, 9 a.m.; Mortgage rates for week ended May 16, 9 a.m.;...
Tags: Kohl's Illinois, Inc., Consumer Confidence, Petroleum Industry, Nordstrom, Inc., Wal-Mart Stores, Inc.
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Penney seeking $1.75 billion to help 'stabilize' ailing retail chain
Fort Worth Star-TelegramJ.C. Penney, which lost $1 billion last year, told potential lenders Tuesday that it expects to close on a $1.75 billion loan May 22. The Plano-based retailer will use the money to pay down debt and finance its recovery, saying that new CEO Mike...Tags: Kohl's, Mike Ullman, Macy's, Ron Johnson, New Products
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Nordstrom reviews records on factory safety
Seattle TimesSeattle-based Nordstrom is among a growing number of retailers taking a closer look at factory safety after a building collapse killed more than 1,100 garment workers in Bangladesh. Nordstrom's products were not made in the collapsed building, but the...Tags: Plant Openings, Sears, University of Washington, Bothell, Collective Contract, Disasters and Accidents
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Orland Park, Homer Glen police blotter: May 15
These items were taken from Orland Park and Will County police reports: Orland Park •A 55-year-old Orland Park man was arrested at his home in the 15600 block of Sunrise Lane about 1 a.m. March 25 for domestic battery after allegedly fighting...Tags: Sears, Crimes, Macy's, Heroin, Vicodin (drug)
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BRIEF-Blackstone reports 282,500 share stake in JC Penney
ReutersMay 15 (Reuters) - Blackstone Group LP : * Reports 282,500 share stake in J C Penney Co as of March 31 valued at $4.27 million -- SEC filingTags: Blackstone Group, L.P.
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Gary Olson: Bangladesh deaths reveal high human cost of cheap apparel
The death toll from the April 24 collapsed garment factory building in the Bangladeshi capital of Dhaka has now exceeded 1,100, making it one of the worst manufacturing disasters in history. Young female seamstresses accounted for the overwhelming...Tags: Sears, Plant Openings, Moravian College, Dhaka (Bangladesh), China
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North American retailers devising own Bangladesh plans
Reuters(Reuters) - North American retailers on Tuesday discussed forging their own Bangladesh safety agreement, an alternative to a legally binding accord that many European retailers have signed on to, though details of any alternative accord were still...Tags: New York University, Marketing, Macy's, Inc., Sears Holdings Corp., North America
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Mon General cardiac center dedicated
The Dominion Post, Morgantown, W.Va.Warren T. Anderson spent 40 years fixing broken hearts, and in the process, forever changed the trajectory of Monongalia General Hospital. On Tuesday, the hospital acknowledged the cardiologist's revolutionary impact by putting his name on its cardiac...Tags: Politics, Neiman Marcus, Heart Surgery, Cardiac Catheterization, Electrophysiology
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Popular principal
The Telegraph, Alton, Ill.A popular Alton School District principal is retiring, but other youngsters soon will see her cheerful face across town at St. Mary's School. "It's a way to ease out, into retirement," Mary Pat (Hellrung) Venardos said of her retirement June 5 from...Tags: Mark Twain, Southern Illinois University Edwardsville
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Penney says it's changing Bangladesh contracting practices; Dickies says that information is proprietary
Fort Worth Star-TelegramThe scorecard is mixed on how U.S. brands are dealing with the garment factory disasters that have claimed thousands of lives in Bangladesh since 2005, including more than 1,000 in a recent building collapse. In North Texas, JC Penney and Williamson-...Tags: Plant Openings, Labor Legislation, American Apparel, Companies and Corporations, Clothing and Textiles Industry
May 16, 2013
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May 15, 2013
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May 14, 2013
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Original site for JC Penney Company Inc. topic gallery.
