Myron "Mike" Ullman


Year in Review: Top Must-Read News from 2013

Hermes claimed victory this year in its long-running dispute with LVMH.

New York--If you had to name one subject that consistently made news throughout 2013, you would have to undoubtedly say … [Read more...]

Holiday Pressure: November Comp Sales Disappointing

Holiday Sales 2013

New York— Black Friday creep—expanding sales and promotions beyond the traditional one the Friday after Thanksgiving—may have had … [Read more...]

November Surprise: JCPenney Posts 10% Increase in Comp Sales

JCPenney's flagship on 33rd Street, Manhattan

Plano, TX—JCPenney has posted a 10% increase in comparable store sales in November, as the struggling department store retailer … [Read more...]

JCPenney Q3 Loss Widens, But Q4 Looks More Promising

JCPenney

Plano, TX—Some good news—and some bad news—in JCPenney’s third quarter results released today. The struggling department store … [Read more...]

JCPenney Boast: October Comp Sales Edge Up—Finally!

JCPenney

Plano, TX—Like almost all major retailers, JCPenney early last year stop giving out monthly sales. That is, until now, when the … [Read more...]

Good News: Report Says JCPenney “Improving Sales Trends”

JCPenney

Plano, TX—JCPenney finally caught a break on Friday. The beleaguered department store saw its shares close up 8.53% on nearly 60 … [Read more...]

JCPenney: “Significant Strides” Made in Turnaround Efforts

JCPenney storefront

Plano, TX—Seeking to stave off the effects of recent reports about its business, JCPenney today issued an update noting its … [Read more...]

Hedge Fund Perry Capital Cuts its Stake in JCPenney

JCPenney's flagship on 33rd Street, Manhattan

Plano, TX—One of JCPenney’s remaining largest shareholders cut its stake in the department store by half, according to a … [Read more...]

JCPenney Offers Shares to Raise Cash Ahead of Holiday

JCPenney

Plano, TX—Only hours after its CEO Myron “Mike” Ullman told analysts he didn’t see “conditions for the rest of the year that would … [Read more...]

JCPenney’s Shares Rebound on Positive Turnaround Comments

JCPenney storefront

Plano, TX—After its shares fell below $10 for the first time since 2000, JCPenney today saw a rebound after it indicated it … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

JCPenney Adopts “Poison Pill” Plan

JCPenney

Plano, TX—In an effort to stem any possible hostile takeover attempt should its major stakeholder, William Ackman of Pershing … [Read more...]