J. C. Penney

J.C. Penney's Stock Heading for Everyday Low Prices

J.C. Penney stock tumbled last week, fell again yesterday, and is set to slide some more today. A big investor, Vornado Realty Trust, reportedly sold 10 million shares of the retailer on Monday, almost half of its stake.

Why J.C. Penney Was Smart to Hire the Man Behind New Coke

As if J.C. Penney wasn't being subjected to enough mockery this week after its horrible fourth-quarter earnings report, now it's getting grief for hiring the man behind "New Coke." But in this case, the naysayers should take a step back.

5 Winners and Losers of the Week in Business

From Pandora, which is trying to encourage more of its music streamers to pay, to Monster, which is trying to win back a good rep for its an energy drink, here's a rundown of this week's big winners and losers in the business world.

J.C. Penney Has Another Train Wreck of a Quarter

Stop us if you've heard this one before: J.C. Penney had another dismal quarter. But Ron Johnson is optimistic, despite same-store sales that fell 31.7% in the fourth quarter, and nearly a billion dollars in losses in Johnson's first full year at the retailer's helm.

The 8 Retailers That Will Close the Most Stores in 2013

After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.

JCP Denies Tricking Customers With Phony 'Suggested' Prices

The heart of CEO Ron Johnson's makeover of J.C. Penney has been "fair and square pricing": eschewing discounts, coupons and sales in favor of everyday low prices. But now there are allegations that all is not so fair and square on those JCP price tags.

Do You Know the Weird History of These Famous Company Names?

When a business has been around for decades, you take what it's called for granted. But many prominent companies nearly ended up with very different names. So, pop quiz: How knowledgeable are you about the original names -- and almost-names -- of businesses you deal with every day?

The 10 Most Hated Companies in America

Botched product launches, plunging stock values, massive layoffs, unhappy workers and poor customer service: These are just some of the woes that can win a business a spot on the 24/7 Wall St. list of the 10 most hated companies in America.

Retailers Finding Clever Ways to Win Smartphone-Using Shoppers

Brick-and-mortar retailers have been taking a beating from shoppers using their stores as mere showrooms for Amazon and other e-commerce sites. But ahead of Christmas shopping season, some experts suggest that a smartphone-equipped shopper should be seen not as a problem, but as an opportunity.

What JCP's CEO Has to Say About Falling Sales and Rising Cynics

Nearly a year after taking over as CEO of J.C. Penney, Ron Johnson seems all too aware that his image as a retailing miracle worker has been seriously tarnished. But he's not worried about the backward thinking naysayers -- and he's still determined to prove the skeptics wrong.

Will In-Store Mini-Shops Revive J.C. Penney? Analysts Say Yes

Forget the fiasco that killing sales and coupons has turned out to be for J.C. Penney: CEO Ron Johnson's other radical change -- transforming the stodgy department store from a sea of clothing racks into an emporium of 100 hip, branded shops -- just might be its saving grace.

How Kohl's Plans to Lure You in for the Holidays

Kohl's CEO Kevin Mansell thinks he knows the holiday-season recipe that can pull his retail chain out of the slump it has been in lately. The key ingredients: rock bottom prices and more exclusive designer collections.

Clearance Sales Lured Shoppers to Boost Spending in July

Hot weather and clearance sales drew Americans into stores in July, giving retailers solid sales gains and helping offset worries about jobs and the economy. Three-quarters of retailers reporting results said they beat expectations.

9 Great American Companies That Will Never Recover

Sometimes, companies that were once leaders fall hopelessly behind. They may struggle on for years, but their chances to engineer turnarounds have passed. 24/7 Wall St. has found nine of these companies -- names you know well, but that will never be great again.

J.C. Penney's Makeover Do-Over: What the Latest Backpedal Means

Shoppers who weren't impressed with J.C. Penney's radical new pricing strategy -- eliminating most sales and all coupons -- have seen the retailer reverse course in recent months. Now it's bringing back clearance sales, too. So where does this leave Ron Johnson's retail reinvention plan?

This Retailer Just Flat Out Stinks

Investors figured that new J.C. Penney CEO Ron Johnson's "Fair and Square" pricing strategy wouldn't be a hit right away, but no one expected the recently remodeled department store chain would be this earnings season's biggest disaster.