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2 former Kern County deputies plead guilty to marijuana trafficking

Two former deputies with the Kern County Sheriff's Office have pleaded guilty to selling marijuana that was seized in raids, federal prosecutors say. Derrick Penney, 34, and Logan August, 30, pleaded guilty Monday to marijuana trafficking charges, U.S. Atty. Phillip Talbert said. According to court...

J.C. Penney joins a growing list of retailers reporting weak first quarter results

J.C. Penney has unsurprisingly joined a growing list of retailers reporting weak first quarters. Before Friday's market open, J.C. Penney reported a first-quarter net loss of 38 cents a share, compared to the loss of 21 cents a share analysts surveyed at Factset expected.        

J.C. Penney sees sales, revenue slip

last weekNews : USAToday: News

JC Penney is the latest retailer to give a window into how traditional retailers are faring amidst a rapidly changing landscape        

JC Penney has hit an ugly milestone that no company wants

JC Penney shares are at an all-time low, and below where they first traded publicly early in 1978. STOCK PRICE FOR JCP Full price information Read more...

How To Trade Macy’s, Amazon And 3 Other Retailers Following A Tough Day At The Mall

Retailers have had a tough week after poor earnings reports. Here how to trade Macy's, Amazon, Nordstrom, Dillard's and J.C. Penney now.

JC Penney has hit an ugly milestone that no company wants (JCP)

JC Penney shares are at an all-time low, and below where they first traded publicly early in 1978. Retailers sold off for a second day after earnings results confirmed again that the brick-and-mortar industry is in trouble. JC Penney fell by as much as 10% on Friday to a record low of $4.73 a share. Show More Summary

JC Penney's stock hits all-time low on widening net loss, weaker sales traffic

``J.C. Penney's stock plunged Friday after the embattled retailer reported weak comparable sales and a massive net loss in the first quarter... Revenue: $2.71 billion vs. an estimate of $2.77 billion, Thomson Reuters analysts said. Same-store sales: 3.5 percent drop vs. Show More Summary

JC Penney tanks after a big miss on sales (JCP)

JC Penney on Friday reported a smaller-than-expected loss in the first quarter, but sales that missed analysts' forecasts. Its shares fell by as much as 6% in volatile premarket trading. The retailer reported an adjusted loss per share...Show More Summary

J.C. Penney just gave 138 stores another month to live

J.C. Penney (NYSE: JCP) initially resisted the department-store industry trend toward closing lots of stores. However, the company gave in after sales growth ground to a halt in 2016. Earlier this year, it announced plans to shutter 130 to 140 stores during the second quarter. Show More Summary

J.C. Penney delays closing 138 stores one month due to stronger sales

J.C. Penney Co. said it’s delaying its plan to close 138 stores by one month because sales and traffic at the locations have been better than expected. The only Southern California store involved is in Orange. In a bid to cut costs and boost its long-term performance, the department store chain...

J.C. Penney delays store closures, liquidation sales

A surge in shoppers make final visits to stores slated to close        

THE GREAT RETAIL APOCALYPSE OF 2017: From rural strip-malls to Manhattan’s avenues, it has been…

THE GREAT RETAIL APOCALYPSE OF 2017: From rural strip-malls to Manhattan’s avenues, it has been a disastrous two years for retail. There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s, and Sears have each announced more than 100 store closures. Sports Authority has liquidated, and Payless has […]

20th Century Fox Taps John Penney For Key Business Development Role

20th Century Fox has named former Starz and Lionsgate exec John Penney to the newly created position of Executive Vice President, Product Strategy and Consumer Business Development for the studio. In his role, Penney will work with Mike...Show More Summary

J.C. Penney Employs More People Than Coal Mines Do

2 months agoPop Culture / Celebrity : Jezebel

Donald Trump probably can’t bring back coal jobs, but he’s willing to kill the planet in the attempt. What other jobs would it be more efficient to support with life-threatening legislation? Read more...

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Mall-based retail giants like J.C. Penney face new assault from online brands, social media, discounters and specialty shops

JC Penney store closings latest sign that ecommerce may finally be devastating brick-and-mortar retail

2 months agoTechnology : Venture Beat

ANALYSIS: This week J.C. Penney released details of its plans to shutter 138 stores out of 1,014 locations, and to cut 5,000 retail jobs. That is part of the ongoing reinvention of a company that seemed to be on the verge of collapse just a few years ago. The company says physical stores remain vital to […]

Sears, J.C. Penney, Kmart, Macy's: These retailers are closing stores in 2017

A look at the top retailers that have announced store closings in 2017.        

Retailers closing stores in 2017: J.C. Penney, Sears, Kmart, Macy's

A look at the top retailers that have announced store closings in 2017.        

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