After the previous CEO of JC Penney, Ron Johnson, was fired (see my post “Lack of PDSA made JCP CEO SOL?“), it seems that new CEO Marvin Ellison might be taking a different approach. See this article from FORTUNE: “The CEO Who’s Reinventing J.C. Penney.” Whereas Johnson “just thought his ideas were right,” Ellison appears to test […]
J.C. Penney reported sluggish first quarter sales, as did every other major retailer. However, in contrast to others, earnings were above expectations. But what is really setting J.C. Penney apart is the focus on new initiatives that, in my opinion, will transform the company. CEO Marvin Ellison has a vision [...]
Submitted by David Stockman via Contra Corner blog, After a week in which all the big retailers—Macy’s, Kohl’s, Nordstrom’s, Gap, JC Penney, Dillard’s——reported exceedingly downbeat results for their April quarter, it is not surprising that the Census Bureau’s statistical fabrication mill reported robust April retail sales. Show More Summary
After a week in which all the big retailers—Macy’s, Kohl’s, Nordstrom’s, Gap, JC Penney, Dillard’s——reported exceedingly downbeat results for their April quarter, it is not surprising that the Census Bureau’s statistical fabrication mill reported robust April retail sales. Show More Summary
Submitted by Jim Quinn via The Burning Platform blog, I find J.C. Penney to be a sick joke. The executives of this company think they can put out positive press releases and have their financial statements not properly show in the earnings press release to cover up the fact their financial results are deteriorating – not improving. Show More Summary
A revenue drop marked a broken string of five consecutive quarters of growth, adding to the gloom around retailers
It's been a parade of bad retail results this week and JC Penney was out with some more ugly sales figures on Friday.
Shares of retailer JC Penney are tanking Friday morning after the company painted a gloomy outlook for the rest of 2016. The company posted a loss of -$0.22 per share against analyst expectations of -$0.30 a share. Sales, however, fell...Show More Summary
The New York Post published an article on Friday May 6 describing how J.C.Penney took emergency measures to protect its bottom line. It seems that April was weak leading the retailer to slash operating expenses in order to salvage the first quarter earnings report scheduled for release on Wednesday, May [...]
(Reuters) - Department store operator J.C. Penney Co Inc faced "an expense challenge" in April and in response cut payroll, froze overtime for its employees and took other cost-cutting measures, the New York Post reported, citing an internal memo. Show More Summary
NEW YORK (Reuters) - Shares of U.S. retailer J.C. Penney could double in price over the next three years, Barron's reported over the weekend. The report said the company had made substantial progress over the past year but remained under the radar. Show More Summary
When mom wanted “a nice picture” of us back in the late 80s and 90s we had to get all dressed up and sit for a portrait shoot at a department store like Sears or J.C. Penney, or a photo studio like Boyd Anderson. We put up with the dorky...Show More Summary
Jon Penney discusses his research on chilling effects, including chilling effects from DMCA takedowns and government surveillance. The paper on government surveillance and Wikipedia is here ; the abstract for the DMCA piece is here. http://tushnet.blogspot.com/feeds/posts/default?alt=rss
If you’re in doubt about whether the US government’s various programs to spy on its citizens has made people more paranoid, this should clear things up. Jonathon Penney, a fellow at the University of Toronto’s interdisciplinary Citizen...Show More Summary
The company is making a smart move to win the battle for the large-size millennial customer, starting up an in-store shop called Boutique+ that will sell exclusive women's plus-size apparel.
J.C. Penney has been getting a lot of attention lately, thanks to a viral photo that interpreted the floral print on one of the retailer's skirts as a period stain. But Penney's is getting the final word in with a mic-dropping Twitter post. Show More Summary
I have been dying to break out my trench coat ever since I got it from JC Penney and finally wore it on our trip to Vermont. Ever since Audrey Hepburn immortalized this timeless piece by wearing it in Breakfast at Tiffany's, I have been...Show More Summary
If you love a comeback story, this one might be for you. It involves millennials, malls, Sephora and an insider purchase at JC Penney.
On November 11, 1985, Princess Diana visited the J.C. Penney in the Springfield, Virginia mall. Read more...