jc penney

J.C. Penney Stock Loses 13%, Drops to Lowest Price Since March 2009

J.C. Penney executives may be confident in the department-store chain's everyday low pricing strategy, but its investors are panicking: The company's stock fell more than 13 percent on Monday, closing at its lowest price since March 2009 when the United States was in a recession.

JCPenney Took Some Giant Steps Back; Now Customers Are Confused

When Ron Johnson took over as CEO of JCPenney in January, his mantra was "no more coupons." But since the retailer switched to a model of everyday low prices without constant promotions, comparable-store sales have fallen 20 percent, and JCPenney has started to backtrack.

J.C. Penney New Shops Shine, Rest of Store Sales Tough

J.C. Penney's new shops within stores are doing much better than other parts of its department stores, but it is "way too early to draw conclusions" as the retailer is still rolling out the strategy, Chief Executive Ron Johnson said.

Macy's Sues J.C. Penney Over Martha Stewart Deal

Macy's took its legal battle over its agreement to exclusively sell certain Martha Stewart items directly to J.C. Penney on Thursday, accusing the rival department store chain of interfering with its contract with the home goods designer.

JCPenney Backs Off 'No Sale' Promise

Months ago, JCPenney CEO Ron Johnson and his team decided to take the word "sale" out of the company's lexicon and replace it with "month-long value." It didn't work at all, and now Johnson and his team are backtracking.

Retailers Post Solid July Sales

July retail sales were solid, with Costco, Macy's, JC Penney, Nordstron and Saks Fifth Avenue all beating expectations. Craig Johnson, president of Customer Growth Partners, the retail consultancy, says we could be having the best back-to-school selling season since 2006.

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.

Struggling J.C. Penney to Shut Stores in Cost-Cutting Move

JC Penney (JCP) said it will close some of its department stores, call centers and outlet stores in a bid to cut costs. JC Penney will shut five department stores in locations including Morrow, Ga and West Dundee, Ill., the company said in a statement. It will close a total of 19 outlet stores, as well as its call center facilities in Grand Rapids, Mich and Albuquerque, NM.

J.C. Penney Reports Third Quarter Earnings of 19 Cents Per Share

Department store operator J.C. Penney (JCP) reported third-quarter earnings of 19 cents per share, compared with 11 cents per share a year earlier. Net sales rose 0.2% to $4.2 billion, while sales at stores open at least on year gained 1.9%, J.C. Penney said in a statement. The discontinuation of the company's Big Book catalogs impacted net sales, the company said.

Consumers Took a Breather From Shopping in April

Early reports from retailers show that Americans took a breather from their March shopping spree in April, partly due to an earlier Easter. So far, discounters, including Costco, are emerging as the biggest winners.

Retailers in 2010: Less, but More Exclusive Stuff

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.

JC Penney brings Mango to the masses

There's not often truly new developments in the world of fast, cheap fashion -- a new cutting-edge chain here, another celebrity collaboration there....