Fitch Ratings’ J.C. Penney downgrade is a big reminder of risks
comments ()Fitch Ratings’ downgrade of J.C. Penney Co.’s credit ratings is a reminder that new management’s radical transformation of the Plano-based department store chain comes with risks. Credit...
View ArticleJ.C. Penney hires second marketing exec from Target
comments ()J.C. Penney Co. hired another marketing executive from Target Corp. Here’s the news up in Minneapolis where Target is headquartered. Penney president Michael Francis was chief markeing...
View ArticleWaiting for Martha Stewart shops, J.C. Penney home goods sales cratered
comments ()J.C. Penney Co.’s home furnishings sales took another steep decline last year, according to the company’s annual filing released this morning. Home products fell to 15 percent of total 2011...
View ArticleJ.C. Penney lays off 600 at Legacy headquarters in Plano
comments ()UPDATED 11:50 a.m. J.C. Penney Co.’s headquarters staff reorganization has started. About 600 people were laid off today. Penney said in a press release this morning it’s “reorganizing the...
View ArticleJ.C. Penney reports first-quarter results after market closes today
comments ()J.C. Penney Co. reports first-quarter results today after the market closes at 3 p.m. CT. The bar has been lowered for the Plano-based department store chain. Penney is expected to report a...
View ArticleJ.C. Penney misses with a bigger loss, 20 percent decline in sales and cuts...
comments ()UPDATED WITH CEO PREPARED COMMENTS: J.C. Penney Co. swung to a bigger-than-expected first-quarter loss and said it will end its dividend payments. Sales fell 20.1 percent. The company missed...
View ArticleJ.C. Penney getting a lashing from Wall Street
comments ()Is J.C. Penney’s tweaking of its discounting to improve customer traffic an admission of failure? Penney’s stock continues to get hammered even after major shareholder and board member Bill...
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A few more changes in the executive ranks at J.C. Penney
The hallway lined with circulars and direct mailings leading into a presentation in New York on Jan. 25, 2012. The long plastered entry set the stage for former CEO Ron Johnson's new marketing...
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J.C. Penney posts a better-than-expected quarter, says gaining market share
J.C. Penney reported second quarter results that were better than the market expected. The company also said the CEO Mike … [visit site to read more]
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