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J.C. Penney: CEOs may change, but the losses endure
When a company can't keep or won't keep its CEO, it signals either lack of strength in the C-suite, a floundering board, or both. Which is it with J.C. Penney? It looks like both. After Ron Johnson...
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Lower gas prices won’t save the holiday season
With gas prices now under $3 per gallon, Americans are feeling less pain at the pump. But that probably won't be enough to guarantee beleaguered retailers a happy holiday season. The national average...
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E-commerce expected to grow even faster this holiday season
Online retail spending will rise 16% this holiday season, a much faster clip than last year, as U.S. consumers feel more confident about spending and make greater use of mobile devices to shop,...
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J.C. Penney’s closing dozens of stores again. That’s great news.
J.C. Penney JCP said on Thursday that it plans to close another 39 stores in 2015, bringing its fleet down to some 1,020 locations and shuttering dozens of stores for the second year in a row. While...
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U.S. shoppers finally shed funk: Retailers post strong holiday season gains
U.S. retailers finally had a merry Christmas. The National Retail Federation said on Wednesday that retail sales for November and December rose 4%, roughly in line with its initial forecast and the...
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J.C. Penney: Call it a comeback?
FORTUNE — J.C. Penney's JCP first-quarter earnings, announced today, showed a dramatic improvement, with same-store sales up 6.2% — more than expected — and its gross margin rising to 33.1%, the...
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J.C. Penney still blaming Ron Johnson-era for slow profit growth
J.C. Penney just can’t get its customers to pay full price. And it’s still trying to blame its ex-CEO for it. The department store chain reported that comparable sales, which includes online and sales...
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Two years later, ex-J.C. Penney CEO Ron Johnson resurfaces with e-commerce...
It’s been two years since J.C. Penney fired former CEO Ron Johnson after his failed attempt to revive its brand resulted in a near-death experience for the retailer. Now, Johnson is back as the founder...
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J.C. Penney looks like it’s winning back market share from Macy’s
For the past two years, conventional wisdom was that J.C. Penney’s JCP brief and disastrous flirtation with hipness under former Apple executive Ron Johnson had set it back irreversibly against rivals...
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Greece’s new bailout, and J.C. Penney sales — 5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are looking lower Friday following news that Greece's parliament has approved a third bailout for the country after an all-night session,...
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J.C. Penney’s plan to catch up in the e-commerce wars
J.C. Penney JCP reported good results for its second fiscal quarter on Friday, besting its main rivals Macy’s M , Kohl’s KSS , Dillard’s DDS , and Sears SHLD in sales growth. That continued momentum is...
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J.C. Penney is testing its first fast fashion brand
J.C. Penney JCP finally has a horse in the fast fashion races. The department store earlier this month started piloting its own private label brand, “Belle + Sky,” a line of trendy women’s wear it can...
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Russian hacker pleads guilty in ‘largest known data breach conspiracy ever...
Vladimir Drinkman, a 34-year-old hacker who hails from Syktyvkar, Russia and Moscow, confessed to committing cybercrimes before a New Jersey federal court on Tuesday. His felonies, which cost...
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J.C. Penney laying off 9% of staff at headquarters
J.C. Penney JCP is laying off 300 people at its Plano, Texas headquarters, making it the latest store chain to shed jobs in a tough environment for retailers. Penney, which employs 3,400 at its...
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J.C. Penney tapping tech to claw back billions in lost sales
J.C. Penney JCP has made a lot of progress in undoing the sales carnage that resulted from a failed attempt to become a cooler retailer a few years ago. The department store has brought back popular...
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Growth Gloom and J.C. Penney Earnings — 5 Things to Know Today
Hello friends and Fortune readers. Wall Street stock futures are lower Friday amid fresh evidence of the world economy’s slowdown. Reports about record high oil stockpiles have pushed commodity indexes...
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Why J.C. Penney Will Open Even Earlier on Thanksgiving this Year
Our hopes have been dashed. Retailers from Macy’s M Target, TGT Kohl’s KSS , and Sears SHLD recently announced they were kicking off their Black Friday shopping events at the same time as last year--6...
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J.C. Penney’s Black Friday Strategy? Better Tech to Avoid Out-Of-Stock...
Ordering four times as many boots for the holiday season as last year may seem like an odd strategy for a major retailer that wants to outmaneuver the competition. But that’s exactly what J.C. Penney...
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Cyber Monday Sales Start Off Strong, Set to Hit $3 Billion
The online revolution continues in retail. Despite major retailers like Walmart WMT , Target TGT , and Best Buy BBY starting to offer many Cyber Monday deals on Sunday this year, the biggest online...
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J.C. Penney Creamed Macy’s During the Holidays
You might want to start calling J.C. Penney jcp the comeback kid. The department store reported Thursday that comparable sales rose 3.9% during the crucial holiday season, keeping a newfound momentum...
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