Ken Hannah

Report: JCPenney Explores Further Financing


Plano, TX—JCPenney reportedly is working with Goldman Sachs Group Inc. about raising additional capital, possibly seeking loans … [Read more...]

JCPenney Again Denies Rumors as Shares Take a Hit


Plano, TX—Shares of JCPenney took another beating today as the beleaguered department store once again had to quash rumors that it … [Read more...]

Private Label Job Cuts Ahead at JCPenney?

Joe Fresh for JCP

Plano, TX—The news from JCPenney’s yet-to-be-released its fiscal 2012 fourth quarter report isn’t expected to be too good (sales … [Read more...]

JCPenney Q3 Shocker: Sales Down 26.6%

For the month of November, JCPenney is offering free 8X10 family photos

Plano, TX—If JCPenney’s turnaround strategy was controversial before, it just got even more so. In its third quarter earnings … [Read more...]

Despite Dismal Q2 Report, Johnson Says JCPenney “On Track

New jeans shops, including Levi's, premiered this month and CEO Ron Johnson says they are performing well.

Plano, TX—Despite reporting that JCPenney swung into a second quarter loss with a 23% dive in sales, CEO Ron Johnson said the … [Read more...]

JCPenney Sells Mall Real Estate Stake for $248 Million


Plano, TX—As part of cash-raising (and cost-cutting) efforts to finance its "Fair and Square" transformation, JCPenney said today … [Read more...]