Myron "Mike" Ullman


Week in Review: Top Must-Read Articles

anna wintour

New York—It wasn’t as frigid this week as last, but many retailers probably felt a chill. Citing reasons such as light traffic, … [Read more...]

JCPenney to Close 33 Stores, Cut 2,000 Jobs

JCPenney Store

Plano, TX—JCPenney once again shook Wall Street analysts late Wednesday when the struggling retailer reported its plans to close … [Read more...]

Holiday Sales Results Come in at NRF Expectations

nrfxmas

New York—The U.S. Department of Commerce released today its December retail sales results which showed moderate increases. The … [Read more...]

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...]