J.C. Penney Posts Huge 1Q Loss
J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
JCPenney earnings
7 Reasons Why JC Penney's Q2 Earnings Were Another Huge Disaster
JC Penney has just reported even worse results for the second quarter than it had during its first quarter under new CEO Ron Johnson. Here's what went wrong.
The 10 Weirdest Things JCP's CEO Told Wall Street Last Week
J.C. Penney just had one of its worst quarters ever, the fault of CEO Ron Johnson's disastrous relaunch plan. So what's next? Well, in an analyst call Friday, Johnson flipped back and forth between delusional cheerleading and confessing his mistakes.
Despite One Bad Quarter, Don't Discount J.C. Penney's Chances
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:
JCPenney's Ron Johnson: 'People Don't Get Our Pricing Strategy'
On Tuesday, JCPenney CEO Ron Johnson presented on the company's earnings, which were disappointing. The "transformation is ahead of schedule," he said, but one big problem is that customers don't get its new sale-free, coupon-free pricing strategy.
Week in Preview: Retail Earnings in the Spotlight
Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.