JC Penney news and archive

JCPenney re-openings 54 stores across several states

JCPenney has reopened stores as COVID-19 restrictions begin to lift in the U.S. On May 20, the retailer opened doors to 54 locations across Texas, Ohio and Indiana, bringing its total number of operating stores to 153. “We are thrilled to welcome our associates and customers back to JCPenney stores... and our top priority remains on the health...

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Business

J.C. Penney to close over 240 stores in wake of bankruptcy protection

Struggling retailer J.C. Penney has confirmed it will close over 240 stores following its recent filing for bankruptcy protection. The Wyoming-founded company currently operates 853 stores, of which the remaining 604 outlets that will stay open accounted for 80 percent of sales in its 2019 financial year. Shuttering nearly 30 percent of its...

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Retail

JC Penney To Expand Curbside Pickup Service To More Locations

J.C. Penney Co. said it will expand its curbside pickup services to 50 more locations across the U.S. following encouraging response to its pilot at the department store chain's brand-defining store. JCPenney "Style on the Go" Curbside Pickup offers customers the option to quickly grab online orders without leaving their car. The new service is...

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People

J.C. Penney names new SVP for women's apparel

J.C. Penney has named Victor Ejarque Lopez as its senior vice president, general merchandise manager for women's apparel, effective June 10. In his new role, Lopez will oversee and develop all womenswear merchandising strategies and create an enhanced shopping experience. He will report to chief merchandising officer, Michelle Wlazlo. Lopez...

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Management|ANALYSIS

More U.S. retail stores closing... and faster than ever

The rise of online shopping, shrinking margins, ever expensive rents, and consumer behavior’s shifts are just some of the reasons why American retailers are closing more stores than ever. And they are doing so at a record pace this year, according to analysts and market experts. In fact, up to April 6, closings have been announced for 2,880...

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Business

Los Angeles city attorney files lawsuit against major retailers

Various retailers are now currently under fire from Los Angeles City Attorney Mike Feuer. Recently, Feuer filed a suit against J.C. Penney, Macy’s, Kohl’s and Sears for their misleading prices. The suit was filed last Thursday due to these companies’ avid use of false pricing. Many retailers in the fashion industry are known for their false...

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Report

JC Penney takes cost-cutting steps after 'expense challenge'

JC Penney Inc slashed payroll, froze overtime for its employees and implemented other cost-cutting measures after it faced an "expense challenge" in the month of April, the New York Post reported, citing an internal memo. Shares of the company are currently down more than 5 percent. According to the New York Post report, the department store...

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Business

Burberry launches lawsuit against J.C Penney for selling copycat coat and scarves

London - Although trademark infringement lawsuits are nothing new within the fashion world, US department store group J.C Penney has found itself in hot water with Burberry this week.The British luxury fashion house has launched a lawsuit against J.C Penney for selling outerwear items, such as jackets and coats as well as scarves, which feature...

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Report

JC Penney's Q3 Loss Narrows, Results Beat View

Department store chain J.C. Penney Co. Inc. (JCP) on Friday reported a loss for the third quarter that narrowed from last year, driven by higher sales and improved margins. Adjusted loss per share for the quarter was narrower than analysts' expectations and revenues beat their estimates. J.C. Penney's improved results come as it strives to...

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Business

JC Penney's Q3 Loss Narrows, Results Beat View

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Business

Spanish Mango parts ways with JC Penney and focuses on stand-alone stores

Mango, the Spanish fashion brand that closely follows Zara as the preferred label amongst fashion-conscious Spaniards, will close its 450 concession outlets in JC Penney stores and focus on expanding in the US via stand-alone stores. As announced by the Spanish fashion retailer, it has just seen 0.5 percent of its global sales through the...

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Fashion

JC Penney to revive its catalogs

JC Penney is reportedly bringing back its print catalog five years after the department store operator dumped it to focus more on online sales. According to Wall Street Journal, JC Penney is bringing back its hefty print catalog featuring its housewares after finding out that many of its online shoppers were spurred by the catalog. JC Penney...