Myron "Mike" Ullman


Q4 Profit Updates: JCPenney Jumps, Gap Improves

JC Penny

JCPenney Posts 35% Q4 Profit Increase Plano, TX—JCPenney posted today a 36% increase in its fourth quarter profit as sales of … [Read more...]

JCPenney to Unveil New Logo During Academy Awards

JCPenney new logo

Plano, TX—JCPenney wants to modernize its image and what better place to start than the central zone for image-making itself: The … [Read more...]

JCPenney Adds Ackman to Board, Exits Catalog Business

Bill Ackman

Plano, TX—While announcing plans to close under-performing stores and exit its catalog business, JCPenney said today it would be … [Read more...]

JCPenney Q3 Profits Up, Misses Sales Forecast

JCPenney

Plano, TX--JCPenney reported today that its third quarter profit exceeded expectations as it controlled costs and consumers … [Read more...]

JCPenney Enacts Poison Pill After Ackman Buy

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

Plano, TX—JCPenney adopted today an anti-takeover defense, after hedge fund manager Bill Ackman and Vornado Realty Trust bought … [Read more...]

JCPenney Announces Stores Openings, Renovation Plans

JCPenney

Plano, TX—JCPenney announced plans to expand into "underserved" major markets as part of its long-range plan that also includes … [Read more...]

JCPenney 2Q Profits Increase, But Conservative on Full Year

JCPenney storefront

Plano, TX—JCPenney Co. reported today better-than-expected quarterly profits, helped by improved cost controls and its expansion … [Read more...]

Liz Claiborne Arrives At JCPenney Stores

Liz Claiborne Arrives At JCPenney Stores

Plano, TX--JCPenney launches this week the Liz Claiborne in its stores in the United States and Puerto Rico, the culmination of … [Read more...]

JCPenney, Aldo Team Up for Shop-In-Shop Concept

JCPenney, Aldo Team Up for Shop-In-Shop Concept

Plano, TX and Montreal—JCPenney and Aldo USA announced today that the department store would be the exclusive U.S. retailer for … [Read more...]

JCPenney Doubles 1st Quarter Income, Raises Full Year Guidance

JCPenney storefront

Plano,TX--JCPenney Co. reported today that its first-quarter net income more than doubled as the department store  benefited from … [Read more...]

JCPenney Targets $23 Billion in Sales by 2014

JCPenney storefront

Plano, TX--JC Penney is aiming to add $5 billion in sales to hit a $23 billion target by 2014, the company has told investors and … [Read more...]