Content about JCPenney

October 8, 2013

Sales trends at J.C. Penney are improving and year end liquidity is now expected to exceed $2 billion following a recent stock offering, the company said Tuesday morning during an uncharacteristic mid-quarter update on its operating performance.

Sales trends at J.C. Penney are improving and year end liquidity is now expected to exceed $2 billion following a recent stock offering, the company said Tuesday morning during an uncharacteristic mid-quarter update on its operating performance.

February 26, 2013

Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between JCPenney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

NEW YORK — Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between JCPenney and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.

The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products. 

January 31, 2013

JCPenney is inviting customers to make a difference this February by rounding up their purches to the nearest whole dollar and donate the difference to benefit Dress for Success, an organization that promotes the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life.

NEW YORK — JCPenney is inviting customers to make a difference this February by rounding up their purches to the nearest whole dollar and donate the difference to benefit Dress for Success, an organization that promotes the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life. 

October 3, 2012

JCPenney has partnered with baby retailer Giggle to launch specialty shops in more than 500 JCPenney shops.

NEW YORK — JCPenney has partnered with baby retailer Giggle to launch specialty shops in more than 500 JCPenney shops. 

Branded as giggleBABY, the new baby ships will open in fall 2013 and feature nursery, gear, layette, bedding, toys, and gifts. An expanded selection of giggleBABY products will be available on JCP.com.

August 14, 2012

As a leading retailer, you know what your customer wants, and you’ve done the hard work of building the right assortment, sourcing from the right factories, and making it available in time for the season. Now you need to make sure that your customers can have what they want when they want it.

As a leading retailer, you know what your customer wants, and you’ve done the hard work of building the right assortment, sourcing from the right factories, and making it available in time for the season. Now you need to make sure that your customers can have what they want when they want it.   

August 10, 2012

If JCPenney CEO Ron Johnson is concerned by a 21.7% second-quarter same-store sales decline and a worse-than-expected loss, it wasn't evident Friday morning.

If JCPenney CEO Ron Johnson is concerned by a 21.7% second-quarter same-store sales decline and a worse-than-expected loss, it wasn't evident Friday morning.

The retailer said sales for the second quarter ended July 28 declined 22.6% to a little more than $3 billion, resulting in a $147 million loss, or 67 cents per share. After adjusting for $159 million in restructuring charges, the company reported a loss of $81 million, or 37 cents per share. The 21.7% comp decline follows a first-quarter decline of 18.9%.

July 24, 2012

JCPenney has sold its interest in Simon Property Group, L.P. back to Simon Property Group Inc. for $248 million in cash, helping the company get back on financial track.

PLANO, Texas — JCPenney has sold its interest in Simon Property Group, L.P. back to Simon Property Group Inc. for $248 million in cash, helping the company get back on financial track.

June 18, 2012

Investors who were holding out for some of Michael Francis' Target marketing magic to rub off on JCPenney will be left wondering what could have been, as the company announced Francis' departure effective Monday.

PLANO, Texas — Investors who were holding out for some of Michael Francis' Target marketing magic to rub off on JCPenney will be left wondering what could have been, as the company announced Francis' departure effective Monday.

CEO Ron Johnson will assume direct responsibility and oversight of the company's marketing and merchandising functions.

Johnson said, "We thank Michael for his hard work at JCPenney and wish him the best in his future endeavors."

May 30, 2012

PayPal has confirmed partnership with 15 national retailers, including JCPenney, American Eagle Outfitters, Toys“R”Us and Foot Locker, for its mobile wallet service.

NEW YORK — PayPal has confirmed partnership with 15 national retailers, including JCPenney, American Eagle Outfitters, Toys“R”Us and Foot Locker, for its mobile wallet service.

The other new retailers accepting PayPay’s payment service are Barnes & Noble, Office Depot, American Eagle Outfitters, Abercrombie & Fitch, Rooms To Go, Jos. A. Bank, Aeropostale, Foot Locker, Nine West, Jamba Juice, Guitar Center, TigerDirect and Advance Auto Parts.

May 16, 2012

From personnel changes to its new "fair and square" price strategy, JCPenney has put a lot into changing the company's image, and investors are waiting for it to pay off.

When JCPenney hired former Target chief marketer, Michael Francis, to serve as president, the company no doubt thought he would bring with him a bit of Target's magic. Now, about six months since he assumed his role at JCPenney, the company has undergone a number of personnel changes and the implementation of its new "fair and square" price strategy, and investors are waiting for it to pay off.

January 31, 2012

Apple Monday named a replacement for former retail head Ron Johnson, who left the company last year to become CEO of JCPenney.

CUPERTINO, Calif. — Apple Monday named a replacement for former retail head Ron Johnson, who left the company last year to become CEO of JCPenney. The company announced that John Browett will join the company as SVP retail, reporting to Apple CEO Tim Cook. Browett comes to Apple from European technology retailer Dixons Retail, where he has been CEO since 2007. Beginning in April, he will be responsible for Apple’s retail strategy and the continued expansion of Apple retail stores around the world, the company said in a press release.

January 25, 2012

JCPenney announced that it has partnered with fashion designer Nanette Lepore to bring her first teen-focused line to its stores.

PLANO, Texas and NEW YORK — JCPenney announced that it has partnered with fashion designer Nanette Lepore to bring her first teen-focused line to its stores. Inspired by her teenage daughter, the line "l'amour nanette lepore" will be available exclusively at JCPenney and will debut as its own distinct shop beginning February 2013.

January 24, 2012

A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with JCPenney to sell products at its stores.

NEW YORK — A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with JCPenney to sell products at its stores.

January 10, 2012

JCPenney announced that Thomas Engibous will become chairman of its board of directors on Jan. 28.

PLANO, Texas — JCPenney announced that Thomas Engibous will become chairman of its board of directors on Jan. 28.  Engibous was named to the board in 1999 and has served in presiding director and lead independent director roles since 2008.  He will assume the chairman's role from Myron Ullman, III, JCPenney's former chief executive officer, who will step down as executive chairman.

December 7, 2011

JCPenney is looking to capture its share of the Martha Stewart brand that has become synonymous with Kmart, by launching a strategic alliance with Martha Stewart Living Omnimedia to create a unique and comprehensive retail experience featuring Martha Stewart products, know-how and advice.

PLANO, Texas and NEW YORK — JCPenney is looking to capture its share of the Martha Stewart brand that has become synonymous with Kmart, by launching a strategic alliance with Martha Stewart Living Omnimedia to create a unique and comprehensive retail experience featuring Martha Stewart products, know-how and advice.

October 4, 2011

The revelation this week that Target chief marketing officer Michael Francis had jumped ship to become president at JCPenney was a surprising development that sucked some of the oxygen out of the retailer’s Minneapolis headquarters.

The revelation this week that Target chief marketing officer Michael Francis had jumped ship to become president at JCPenney was a surprising development that sucked some of the oxygen out of the retailer’s Minneapolis headquarters. Target is all about marketing and Francis was instrumental in shaping some of the most interesting customer communications the marketing world saw during the past decade. He was so highly thought of that earlier this year he was tapped to lead Target’s entry into Canada, arguably the company’s most significant longer term growth driver.

October 3, 2011

Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

MINNEAPOLIS — Michael Francis, EVP and CMO of Target, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Gregg Steinhafel, chairman, president and CEO.

July 22, 2011

Target, Kohl's and JCPenney ranked highest among discounters in consumer perception in the first half of 2011, according to YouGov BrandIndex.

NEW YORK— Target, Kohl's and JCPenney ranked highest among discounters in consumer perception in the first half of 2011, according to YouGov BrandIndex. The company interviews 5,000 people each weekday from a representative U.S. population sample, more than 1.2 million interviews per year.

Here is YouGov’s Retail Buzz scores for discounters in the first half of 2011:

  1.  Target (33.9) 

  2. Kohl's (29.5) 

  3. J.C. Penney (23.9) 

June 20, 2011

Last week, RetailingToday.com reported that former Apple executive Ron Johnson would succeed Mike Ullman as CEO of JCPenney. Today, JCPenney announced that Ullman, who was originally slated to remain on the company's board of directors indefinitely, will now be leaving the company on Feb. 1, 2012.

PLANO, Texas — Last week, RetailingToday.com reported that former Apple executive Ron Johnson would succeed Mike Ullman as CEO of JCPenney. Today, JCPenney announced that Ullman, who was originally slated to remain on the company's board of directors indefinitely, will now be leaving the company on Feb. 1, 2012.

February 7, 2011

JCPenney announced that it has rolled out its findmore smart fixture to over 120 select stores across the country.

PLANO, Texas -- JCPenney announced that it has rolled out its findmore smart fixture to over 120 select stores across the country. Additionally, in conjunction with the launch of its Modern Bride concept, the company will begin rolling out a findmore experience using iPad to 50 fine jewelry departments.

January 31, 2011

Target took the 21st spot out of a list of 46 retailers ranked for their customer service. Zappos.com took the top spot followed by Amazon.com and LL Bean. Walmart was ranked 27.

Other retailers in the top ten include Overstock.com (4), JCPenney (6) and Kohl's (7).

 

January 12, 2011

JCPenney announced that, for the third consecutive year, it was ranked number one among department store retailers in the Customers' Choice survey released by the NRF Foundation and American Express.

PLANO, Texas - JCPenney announced that, for the third consecutive year, it was ranked number one among department store retailers in the Customers' Choice survey released by the NRF Foundation and American Express.

November 23, 2010

NRF has released its annual list of the top 10 retailers for customer service selected...

November 22, 2010

JCPenney announced that it will hold its biggest-ever Cyber Monday sale this year with discounts...

October 31, 2010

JCPenney announced that it is partnering with The Salvation Army once again to help bring...