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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 89-99
  • 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...
  • Prepare for the worst holiday season since 2008, Morgan Stanley says

    Prepare for the worst holiday season since 2008, Morgan Stanley says
    Researchers at Morgan Stanley have a pretty simple forecast for the coming holiday season: Expect coal. A new report from the financial services firm anticipates the period between Thanksgiving and Christmas this year to be the slowest and most...
  • Holiday-season retail sales look bleak, Morgan Stanley predicts

    Holiday-season retail sales look bleak, Morgan Stanley predicts
    Count on coal this Christmas. That's what researchers at Morgan Stanley are saying in the first major forecast of a decidedly dour holiday season. Retailers hoping for a respite from a year of so-so shopping can instead expect the worst Thanksgiving-to-...
  • J.C. Penney says N.Y. Post report of CIT lending stoppage is untrue

    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...
  • Ellen DeGeneres to test power of Twitter with Oscar telecast

    Ellen DeGeneres to test power of Twitter with Oscar telecast
    Ellen DeGeneres will test the power of social media -- and the increasingly symbiotic relationship between Twitter and television -- during next year's Academy Awards telecast. On Friday, illustrating her proclivity for Twitter, DeGeneres announced in a...
  • J.C. Penney scuffle: Ackman calls for ouster of Chairman Engibous

    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...
  • Office Depot narrows CEO search to five candidates

    Office Depot narrows CEO search to five candidates
    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...
  • Ackman out at J.C. Penney after spat over CEO, chairman

    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...
  • Millennial survey: Is 27 the new 18?

    Millennial survey: Is 27 the new 18?
    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,...
  • 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,...
  • Bill Ackman steps down from J.C. Penney board

    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...