For the first quarter ending May 2, 2015, JCPenney reported net sales of $2.86 billion compared to $2.80 billion in the first quarter of 2014. The company narrowed its Q1 loss to $167 million, or 55 cents per share, from the previous year’s net loss of $352 million, or $1.15 …
Mary Beth West, who served on JCPenney’s board of directors since 2005, will resign from that position to become the retailer’s latest EVP, chief customer and marketing officer, effective June 1. “Mary Beth’s contributions to the Board have been invaluable,” said Myron E. (Mike) Ullman, III, chief executive officer of …
Former JCPenney employee Robert Blatchford has filed a claim against the retailer under the State of Florida’s Private Whistleblower Act.
JCPenney will relaunch the Foundry as in-store big & tall departments.
JCPenney plans relaunch the print catalog that it abandoned five years ago in hopes of boosting web sales.
American Apparel, American Eagle Outfitters, Bon-Ton, Dollar General, Gordmans, JCPenney and Target are all in various stages of CEO searches.
JCPenney will close 33 stores in 20 states by May, a move the retailer says will save it $65 million in 2014.
JCPenney chairman Thomas Engibous issues an angry statement on behalf of the board responding to major shareholder William Ackman’s push for a new CEO and nomination of Allen Questrom as chairman.
JCPenney’s board of directors has let CEO Ron Johnson go and rehired former chief executive Myron “Mike” Ullman.
There’s more drama at JCPenney headquarters as the discount retailer announced the abrupt departure of president Michael Francis.
JCPenney has named John Tighe men’s GMM, filling the position vacated by Steve Lawrence. Tighe will report to chief merchant Elizabeth Sweney.
JCPenney CEO Ron Johnson detailed some of the retailer’s new pricing strategy, a new logo and a new store merchandising plan today in New York City.