North Texans React To J.C. Penney Layoffs, Store Closings
PLANO (CBS 11 NEWS) – Plano-based J.C. Penney has announced the closure of 33 stores nationwide. The stores are located in 20 different states across the country, and company officials insist none are...
View ArticleJC Penney CEO Gets 50-Percent Base Pay Raise
NEW YORK (CBSDFW.COM/AP) — J.C. Penney’s reinstalled CEO Mike Ullman is poised to get a big pay increase as the department store chain shows some signs of a turnaround. Plano-based J.C. Penney Co....
View Article“Legacy West” Development Will Give Economic Boost To Plano
PLANO (CBSDFW.COM) - The city of Plano cleared the way for a huge new development Monday night that could be the biggest combination of urban living and retail of its kind in North Texas. More than 200...
View ArticleJC Penney Shares Slide After 4Q Miss
Follow CBSDFW.COM: Facebook | Twitter Shares in J.C. Penney Co. are tumbling in aftermarket trading after the department store chain posted disappointing results for its key holiday-shopping-season...
View ArticleSome Shoppers Unimpressed By “Prime Day” Sales
Follow CBSDFW.COM: Facebook | Twitter NORTH TEXAS (CBSDFW.COM) – Touting their Amazon ‘Prime Day’ sale, officials with Amazon.com say order rates Wednesday surpassed that of 2014 Black Friday sales....
View ArticlePlano-Based JCPenney Reports Loss But Tops Expectations
Follow CBSDFW.COM: Facebook | Twitter PLANO (CBSDFW.COM/AP) — J.C. Penney Co. said Friday sales that rose 6.4 percent at established locations in the third quarter and expressed confidence about its...
View ArticleJC Penney Looking At Possible Plano-HQ Sale & Partial Leaseback
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (CBSDFW.COM/AP) — JCPenney is looking to potentially sell and partially leaseback its headquarters in Plano to help lower debt and create long-term...
View ArticleJ.C. Penney Posts 4Q Loss, But Is Winning Back Customers
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (CBSDFW.COM/AP) — J.C. Penney Co. is reporting its fourth-quarter loss widened from a year ago, dragged down by restructuring costs. But its adjusted...
View ArticleJC Penney Adds To The Misery In Retail As Sales Fade
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (CBSDFW.COM/AP) — Shares of Plano-based J.C. Penney tumbled 10 percent before the opening bell Friday after posting an unexpected sales drop, capping a...
View ArticleThanksgiving Day Shopping Is Here To Stay — With Some Tweaks
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (CBSDFW.COM/AP) – Thanksgiving Day shopping is a delight to some and an anathema to others, but it isn’t going away and some stores are rethinking their...
View ArticleAs Holiday Season Approaches JCPenney Reports 3Q Loss
Follow CBSDFW.COM: Facebook | Twitter PLANO (AP) — Shares of J.C. Penney slumped Friday after the department store chain wrestled with sluggish sales, particularly in apparel. Shares fell more than 8...
View ArticleAfter The Turkey, Some Hit The Shops To Start Holiday Season
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (AP) — After enjoying the Thanksgiving turkey, some Americans hit the shops for what retailers hope will be a new tradition to start the holiday shopping...
View ArticleSome Retailers Go Into 2017 With Too Many Stores
Follow CBSDFW.COM: Facebook | Twitter NEW YORK (CBS NEWS) – U.S. retailers have a problem they can’t easily resolve: They have too many stores. And even though they’ve already announced slews of store...
View ArticleDespite Increased Profits, J.C. Penney To Close Some 140 Stores
Follow CBSDFW.COM: Facebook | Twitter PLANO (CBSDFW.COM/AP) — J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it...
View ArticleJ. C. Penney Releases List Of Upcoming Store Closures
Follow CBSDFW.COM: Facebook | Twitter NORTH TEXAS (CBSDFW.COM) – It was late last month with Plano-based J.C. Penney announced that up to 140 stores and two distribution centers would be closed over...
View ArticleJ.C. Penney Delays Closing Of 138 Stores By Several Weeks
Follow CBSDFW.COM: Facebook | Twitter J.C. Penney says it is delaying the closure of 138 stores by several weeks to take advantage of better-than-expected sales at those locations. The company said...
View ArticleLosses J.C. Penney Double, Sales And Shares Slide
Follow CBSDFW.COM: Facebook | Twitter PLANO (AP) — Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss...
View ArticleJC Penney Extends A Gloomy Week For Retailers
PLANO (AP) — Sales at established J.C. Penney stores faded again during its most recent quarter, capping a gloomy week for U.S. retailers. Penney’s stock plummeted 15 percent to below $4 a share in...
View ArticleJCPenney Shares Tumble After Weak Profit Outlook
NEW YORK (AP) — J.C. Penney slashed its annual profit forecast as it accelerated the clearance of slow-moving inventory, primarily in women’s clothing, and warned of weaker sales. Shares tumbled more...
View ArticleJC Penney Is The Bright Spot For Retail This Week
PLANO (AP) — J.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines and it posted smaller-than-expected loss for the...
View ArticleJC Penney Outlook Spooks Wall Street
PLANO (CBSDFW.COM/AP) — J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue. The company’s outlook for the year is short of most...
View ArticleJC Penney Shares Plunge After CEO Ellison Departs For Lowe’s
MOORESVILLE, N.C. (CBSDFW.COM/AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at...
View ArticleWhy Penney, Macy’s, Gap, Other Retailers May Have To Close More Stores
NEW YORK (CBSNEWS.COM) – Shares of JCPenney slumped more than 6 percent on Tuesday after the surprise departure of CEO Marvin Ellison raised fresh concerns about the struggling 110-year-old retailer’s...
View ArticleJ.C. Penney To Open 500 Baby Shops Amid Babies R Us Demise
NEW YORK (CBSDFW.COM/AP) — J.C. Penney is expanding the baby products it sells at stores beyond clothing as the retailer joins the many other chains trying to claim some of the Babies R Us sales up for...
View ArticleWalmart Sees Sales Rise At Stores And Online, Raises Outlook
NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street’s expectations for the quarter and seeing the strongest growth in more than a decade in sales at established...
View ArticleInvestors Caught Off Guard By Weak Holiday Sales At Department Stores
NEW YORK (CBSDFW.COM/AP) — Unemployment hasn’t been so low in years, wages are rising, consumer confidence is high and gasoline is cheap, all creating high expectations for department stores this...
View ArticleJC Penney Continues To Struggle; Posting First Quarter Losses
PLANO (CBSDFW.COM/AP) — Losses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses. Same store sales tumbled 5.5% and shares fell by...
View ArticleJC Penney Responds To Investors’ Debt Restructuring Concerns
PLANO, Texas (CBSDFW.COM/AP) – Plano-based J.C. Penney, looking to soothe rattled investors, said Friday it hasn’t hired any advisers to prepare for an in-court restructuring or bankruptcy. The...
View ArticleLow Trading Price Could Get JC Penney Kicked Off New York Stock Exchange
NEW YORK (CBSDFW.COM/AP) — Plano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long. The department store chain,...
View ArticleAs JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate Stores
NEW YORK (CBSDFW.COM/AP) — Troubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses. While the third quarter news is good the retailer still...
View ArticleDallas ISD Student-Athlete Gets VIP Suit-Fitting, Visit From Former NBA Star...
HURST, Texas (CBSDFW.COM) – Plano-based J.C. Penney teamed up with former NBA star Shaquille O’Neal to deliver a surprise for a 17-year-old student-athlete from Dallas’ South Oak Cliff High School....
View ArticlePlano-Based JCPenney Files For Bankruptcy
PLANO, Texas (CBSDFW.COM/AP) – Plano-based JCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic. As part of its reorganization,...
View ArticleShortly After Filing For Bankruptcy, JC Penney Announces Plan To Close More...
Plano-based J.C. Penney will close almost 30% of its 846 stores as part of a restructuring under bankruptcy protection.
View ArticleJCPenney Shrinking: Closing 154 Stores Next Week Including 4 In North Texas
PLANO, Texas (CBSDFW.COM/AP) – Plano-based J.C. Penney said Thursday it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. Four...
View ArticleJCPenney Losses More Than Tripled Ahead Of Bankruptcy Filing
PLANO (CBSDFW.COM/CNN) — Sales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing, as stores remained closed during the COVID-19 pandemic. The department...
View ArticleJCPenney Moving Forward With Sale, Attorney Tells Bankruptcy Judge
NEW YORK (CBSDFW.COM/AP) – An attorney for Plano-based J.C. Penney told a bankruptcy judge Wednesday the retailer is going forward with a sale of its business and expects the deal to be completed by...
View ArticleJC Penney Landlords Close To Buying Retailer Out Of Bankruptcy
NEW YORK (CBSDFW.COM/AP) – Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy Plano-based department store chain J.C. Penney out of bankruptcy and keep the...
View ArticleJC Penney Sees Bankruptcy Protection Exit By Christmas
NEW YORK (AP) – J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs. The beleaguered, century-old...
View ArticleBankruptcy Court Approves Sale Of JCPenney
NEW YORK (CBSDFW.COM/AP) – Plano-based J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two...
View ArticleJCPenney Emerges From Chapter 11 Bankruptcy
PLANO, Texas (CBSDFW.COM) – Plano-based J.C. Penney emerged from Chapter 11 bankruptcy on Monday, Dec. 7. The retailer completed its sale to a pair of landlords – Brookfield Asset Management Inc. and...
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