J.C. Penney

Is the Coronavirus An ‘Existential Threat’ For Retailers?
Turnarounds

Is the Coronavirus An ‘Existential Threat’ For Retailers?

At the best of times, many retailers were struggling to gain any footing with customers, but now it is even more difficult to survive.
By Vincent Ryan | April 7, 2020
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Can Big Retailers Be Saved?
Strategy

Can Big Retailers Be Saved?

Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.
By Lauren Muskett | February 20, 2020
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Online Clothing Reseller ThredUp Gets $175 Million Infusion
Credit & Capital

Online Clothing Reseller ThredUp Gets $175 Million Infusion

The company plans to expand its platform to offer resale services to retailers, and recently announced partnerships with Macy’s and J.C. Penney.
By Lauren Muskett | August 21, 2019
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CFOs on the Move: Week Ending Nov. 2
People

CFOs on the Move: Week Ending Nov. 2

J.C. Penney, Gibson Brands, Russell Investments, Cobham Advanced Electronic, Wag!, Westwood, Sentry Data, Revolution Foods, Powell Industries, AbbVie
By Joan Urdang | November 2, 2018
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J.C. Penney Reports Sizable Net Loss, Slashes Guidance
Turnarounds

J.C. Penney Reports Sizable Net Loss, Slashes Guidance

J.C. Penney has moved from "buying to store capacity" to "buying and chasing" into demonstrated sales trends, says CFO Jeffrey Davis.
By William Sprouse | August 16, 2018
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J.C. Penney Shares Dive on Q4 Sales Miss
Financial Performance

J.C. Penney Shares Dive on Q4 Sales Miss

The retailer's results were sharply lower than rivals Macy's and Kohl's, and a downbeat full-year profit forecast added to investors' concerns.
By Matthew Heller | March 2, 2018
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Sales Rebound Drives JC Penney Stock up 14%
Financial Performance

Sales Rebound Drives JC Penney Stock up 14%

Penney's surprising 1.7% gain in same-store sales indicates its "strategy of purging excess inventory and closing underperforming stores" is paying off.
By Matthew Heller | November 10, 2017
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JC Penney Stock Dives 14% on Q3 Loss Warning
Financial Performance

JC Penney Stock Dives 14% on Q3 Loss Warning

The struggling retailer now projects a loss of between 40 cents to 45 cents a share due to clearance of apparel inventory.
By Matthew Heller | October 27, 2017
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Q2 Earnings Send JC Penney Stock to New Low
Financial Performance

Q2 Earnings Send JC Penney Stock to New Low

The retailer's loss widens to $62 million but CEO Marvin Ellison sees the 1.5% increase in sales and the improved performance of apparel as positive signs.
By Matthew Heller | August 11, 2017
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J.C. Penney Names New CFO
Recruiting

J.C. Penney Names New CFO

The hiring of Jeffrey Davis, former finance chief at Darden Restaurants, comes in the wake of Edward Record's resignation earlier this month.
By Vincent Ryan | July 25, 2017
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CFOs on the Move: Week Ending July 14
People

CFOs on the Move: Week Ending July 14

Twitter, J.C. Penney, State Street, Avery Dennison, Lexmark, AAR, Alexander & Baldwin, Marin Software, ITC Holdings
By Joan Urdang | July 14, 2017
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JC Penney Closing 140 Stores in Early 2017
Strategy

JC Penney Closing 140 Stores in Early 2017

The U.S. retail chain plans to close as many as 140 brick-and-mortar locations after announcing disappointing results over the holiday season.
By Sean Allocca | February 24, 2017
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J.C. Penney Suffers Same-Store Sales Setback
Turnarounds

J.C. Penney Suffers Same-Store Sales Setback

The 0.8% drop in Q3 follows a 6.4% jump a year ago but the retailer is confident its new appliance departments will improve sales during the holiday season.
By Matthew Heller | November 11, 2016
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J.C. Penney Keeps Up Same-Store Sales Growth
Turnarounds

J.C. Penney Keeps Up Same-Store Sales Growth

The retailer's stock rose 6% as it also narrowed its second-quarter loss and beat earnings forecasts for the sixth straight quarter.
By Matthew Heller | August 12, 2016
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Walmart’s Numbers Brighten Retail Picture
The Economy

Walmart’s Numbers Brighten Retail Picture

Thanks to tactical changes, the retailing giant is growing revenues in a very competitive environment.
By Katie Kuehner-Hebert | May 19, 2016
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