JC Penneys

Shares of J.C. Penney surged as much as 16% after activist investor Bill Ackman's Pershing Square Capital Management disclosed that it had purchased a 16.5% stake in the struggling retailer.

If stores seem picked over this year, don't be fooled into thinking you just missed a crazy sale. It's deliberate. Retailers expect growth and profits in 2010 won't come from new stores, but rather from merchandising the existing ones to the hilt -- with less, but more exclusive merchandise.

There's not often truly new developments in the world of fast, cheap fashion -- a new cutting-edge chain here, another celebrity collaboration there. But today, there is real news: a just-inked retail deal that will expand the clothing brand Mango nationwide -- via JC Penney stores. Mango, the...

Yet another small-town girl has moved to the big city with bright-eyed aspirations -- and her name is JC Penney. The 107-year-old store opened its first New York City outpost today, just a stone's throw from that most storied of department stores, Macy's Herald Square. From where Penney executives...