Clik here to view.
JC Penney Posts 4th Straight Loss, Sales Drop
PLANO (AP) - Boy, it just wasn’t J.C. Penney’s year. The mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth quarter on a nearly 30 percent plunge in...
View ArticleClik here to view.
J.C. Penney Shares Fall After Hours On Sale Report
DALLAS (AP) - Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling retailer’s stock. The stock lost $1.78 to...
View ArticleClik here to view.
JC Penney Cuts An Additional 2,200 Workers
PLANO (AP) - J.C. Penney Co. confirmed Friday it’s eliminating an additional 2,200 jobs as the struggling department store chain slashes costs after a year of plunging sales and mounting losses....
View ArticleClik here to view.
J.C. Penney’s Largest Investor Bails Out
DALLAS (AP) - J.C. Penney’s largest investor and former board member is bailing out. William Ackman of Pershing Square Capital Management is selling his nearly 18 percent stake, or 39.1 million shares,...
View ArticleClik here to view.
JC Penney, Martha Stewart Scale Back Partnership
NEW YORK (CBSDFW.COM/AP) — Ahead of a ruling in its fight with Macy’s over Martha Stewart products, Plano-based J.C. Penney Co. is scaling back its partnership with the media and merchandising company....
View ArticleAs JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate Stores
NEW YORK (CBSDFW.COM/AP) — Troubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses. While the third quarter news is good the retailer still...
View Article
