Plano, TX—Myron “Mike” Ullman, the interim chief executive who returned to steer JCPenney after the disastrous tenure of Ron … [Read more...]
JCPenney
JCPenney Q1 Loss More Than Doubles
Plano, TX—"We recognize the magnitude of the challenges that we face, and we believe we can put JCPenney back on a pathway to … [Read more...]
May 17, 2013 -
JCPenney Warns Its Q1 Sales Will Be Down 16.4%
Plano, TX—Ahead of its first quarter earnings report next week, JCPenney revealed Tuesday night that its total sales and … [Read more...]
May 8, 2013 -
Week in Review: Top Fashion Stories on the Web
New York—While next week, NY Market Week, kicks off Sunday with both Cinco de Mayo and AccessoriesTheShow, there’s been no … [Read more...]
May 3, 2013 -
JCPenney to Customers: “We Learned From Our Mistakes”
Plano, TX—It’s a seldom seen tactic from a major retailer: apologizing to its customers for a litany of mistakes. But if … [Read more...]
May 1, 2013 -
JCPenney Rehires Ken Mangone to Head Product Development
Plano, TX—Myron “Mike” Ullman, JCPenney’s recently returned chief executive, isn’t the only top executive to do an … [Read more...]
April 18, 2013 -
JCPenney to Draw $850 Million From Credit Line
Plano, TX—JCPenney revealed today that it has drawn $850 million from its $1.85 billion revolving credit facility to help buy … [Read more...]
April 15, 2013 -
Report: JCPenney Hires Consultants to Raise $1 Billion
Plano, TX—Beleaguered JCPenney, which fired its CEO Monday after only 17 months, reportedly has hired the Blackstone Group … [Read more...]
April 12, 2013 -
Johnson Out, Ullman In, But Questions About JCPenney Remain
Plano, TX—For most followers of retail, especially analysts, it was only a matter of time before Ron Johnson, the Apple retail … [Read more...]
April 9, 2013 -
JCPenney’s SEC Filing Reports 43,000 Fewer Employees?
Plano, TX—The required filings and statements that public companies must supply the Securities and Exchange Commission (SEC) are … [Read more...]
March 21, 2013 -
JCPenney’s Q4 Results: The “Worst in Retail History?”
Plano, TX—The quarterly report due after market close on Wednesday was expected to be bad, but it was even worse than … [Read more...]
February 28, 2013 -
Holiday Markdowns Sting Kohl’s Q4 Results, Outlook Disappoints
Menomonee Falls, WI—Stung by higher markdowns during the holiday season, Kohl’s Corp. reported Wednesday a lower fourth … [Read more...]
February 28, 2013 -
