J. C. Penney

J.C. Penney CEO Ron Johnson has a bold plan to revive the sluggish retailer, but based on its latest earnings report, the plan isn't working. However, it's way too early in this marathon metamorphosis to count Penney's out. Here's why:

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.

It'll be a good Easter for sellers of brightly colored outfits and chocolate bunnies: Americans are expected to shell out 11% more for the holiday this year.

Constant sales have taught shoppers to distrust department store pricing. Can a more honest approach win them back?

Wondering what looks and styles will transfer from the Fashion Week runways to the mall this autumn? We got the inside scoop from fashion directors at Macy's, J.C. Penney, Banana Republic and Forever 21.

J.C. Penney's new CEO plans to remake the tired old department store chain a la the Apple Store and Target, and his fresh ideas are earning him applause. But as investors and industry watchers cheer Ron Johnson's turnaround concepts, they're ignoring some big potholes on the road ahead.

Martha Stewart has a new legal problem to contend with: Macy's, which had an exclusive licensing deal with her namesake company, has filed a lawsuit against Martha Stewart Living Omnimedia for hooking up with J.C. Penney.

New CEO Ron Johnson's plan to revamp J.C. Penney is seriously ambitious. No more coupons, almost no more sales, and a complete rethink of the department store model. So why does he think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why:

J.C. Penney Co. reported a net loss in the third quarter as the department store operator's results were weighed down by restructuring costs and management transition charges. Its adjusted results topped Wall Street expectations, but it offered a fourth-quarter outlook that was below what analysts expected.

Two of the men most responsible for making Target a cool, hip shopping option will soon be leading J.C. Penney's, which means bold changes could be coming for the middle-of-the-road department store chain. Can Ron Johnson and Michael Francis help it shake its stodgy image?