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
Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
5 Stocks to Watch this Week
From state-of-the art technology to good ole fashioned retailing, there's plenty of news waiting to break this week on Wall Street. Here's what to watch.
J.C. Penney Apologizes for 'Mistakes' in New Ad
J.C. Penney is trying to win back its wayward customers by acknowledging in a new ad that it's learning from its mistakes.
Goldman Loan Lends a Boost to Penney's Flagging Finances
J.C. Penney confirmed Monday that Goldman Sachs will provide it with $1.75 billion in financing, confirming rumors that first surfaced Friday.
Can Returning CEO Mike Ullman Revive Penney's Fortunes?
The return of the old guard at J.C. Penney have sent shares higher this week, even with major U.S. indexes suffering one of the worst downturns this year.
Macy's Denied Restraining Order Against J.C. Penney
A judge has rejected Macy's request to slap rival J.C. Penney with a temporary restraining order barring it from selling non-branded goods designed by Martha Stewart.
5 Winners and Losers of the Week in Business
From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.
Macy's, J.C. Penney Resume Court Battle Over Martha Stewart
Attorneys for J.C Penney and Macy's were back in court Monday to fight over the Martha Stewart brand after a monthlong mediation period went nowhere.
J.C. Penney Taps Former CEO Mike Ullman
J.C. Penney pins its hopes on former CEO Mike Ullman to revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines.
J.C. Penney CEO Ron Johnson's Pay Fell 97% in 2012
The CEO of struggling department store J.C. Penney saw his 2012 compensation package plummet nearly 97 percent to about $1.9 million, according to a federal filing.
Walmart Can't Keep Its Shelves Stocked
Walmart is reportedly losing customers because it doesn't have enough employees to keep the shelves stocked. Defecting customers are heading to Target, Costco and other retailers.
J.C. Penney Backpedals Again to Lure Back Lost Customers
In a major about-face, J.C. Penney is making a bid to win back some of its former customers by reintroducing brands it recently eliminated, including favorite St. John's Bay.
2 State Pension Funds Want More JC Penney Details from Ackman
Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney, whose stock has dropped 21 percent this year.
Why J.C. Penney is Really Losing Customers (It's Not the Coupons)
While J.C. Penney's disastrous decline has been blamed on Ron Johnson no-coupons pricing strategy, our readers gave a different reason for ditching the retailer.