Online retailers and discounters have taken their toll on many brick and mortar stores. Macys, JC Penney, and Kohl’s are closing locations and the Limited is going out of business altogether.
A comeback for beleaguered department store J.C. Penney (NYSE: JCP) was always a long shot. Since sales collapsed in 2012 due to disastrous changes made as part of an effort to revitalize the brand, the company has slowly crawled back from the abyss. Show More Summary
Zamansky LLC, as sole interim class counsel, successfully obtained preliminary approval of a $4.5 million settlement for J.C. Penney employees in an ERISA class action over misrepresentations related to J.C. Penney’s “fair and square” pricing strategy. Show More Summary
RETAIL BLUES: J.C. Penney holiday sales drop 0.8 percent. Penney’s faces two headwinds: Online shopping giants like Amazon, and trying to woe back the core customers they lost during former CEO Ron Johnson’s short-lived and ill-fated attempt to turn the discount retailer into an Apple Store clone.
Stocks turned mixed on Friday, despite nonfarm payrolls report in December. The economy added 156,000 jobs during the month. Although that number was lower than expected, the unemployment rate ticked slightly higher to 4.7%. Video provided TheStreet
EVEN MORE RETAIL BLUES: Dismal holiday sales at Macy’s, Kohl’s spell gloom for sector. Shares of other department store operators, including J.C. Penney Co Inc (JCP.N), also fell as the dismal showing came as a shock to investors, given heightened expectations of a bump in holiday spending this year. “The strength around Thanksgiving and Christmas […]
A black woman in Indiana was allegedly told “she didn’t belong” in a J.C. Penney by an unruly employee, so the woman herself became unruly and started knocking over some displays. At this point, the male employee immediately put her
A white, male J.C. Penney employee put a young black girl in a headlock last Thursday after allegedly telling her family they don’t belong there WNDU reports. The incident took place at the University Park Mall in Mishawaka, Indiana. The incident was caught in a video that went viral on...
The Jefferson Mall in Louisville, Kentucky has made it clear they won't tolerate hate speech, by promising to find and ban a woman whose racist tirade at one of their stores went viral this week. ICYMI: on Tuesday, a human stocking full...Show More Summary
The spiritual singer-songwriter shares a potent video ahead of their new album, Sapphire.
In honor of her daughter's first birthday, Erin Brundige and her little girl stopped by a JC Penney store to have professional photos taken. The proud mom made sure her child looked perfect - complete in a special pink and white dress - and noted that she was instantly impressed with the photographer's skills. Show More Summary
Police said the child had been elsewhere and had been transported to the store, although why the child was transported is still unclear
Editor’s note: Today we hear from John W. Penney, creative director and CEO of Miami-based BlackDog Advertising. Read how the company used Chrome devices to build engaging signage for Evelyn Hill, a vendor on New York City’s Liberty Island. Show More Summary
Four major retailers are named in a lawsuit brought by the Los Angeles city attorney’s office on Thursday over alleged deceptive advertising that duped customers into thinking they were saving money. Macy’s, Kohl’s, JC Penney, and Sears are the retailers accused of falsely advertising high regular prices on merchandise that was never actually for sale […]
J.C.Penney is struggling to capture the attention of younger customers. The sale ads all show millennials as models for merchandise the company hawks to its customers, but a recent survey says J.C.Penney is not hitting the target. In fact, they are way off--the average age of its shoppers is about [...]
Shoppers who visited a J.C. Penney Company (NYSE:JCP) store last year this time probably noticed that the shopping floor was well supplied with the right merchandise-- Liz Claiborne, J. Ferrar, Stafford, and the like -- and that there was a return of the old sale signs, bringing back store traffic. But [...]
There was a remarkable pallor as several major retailers reported third quarter 2016 sales and earnings results late last week. Each retailer, except J.C.Penney, assured listeners that sales came in as expected, that they had tight control over their inventories and expenses, and that fourth quarter sales and earnings are [...]
J.C. Penney's third-quarter fate diverged from department-store rivals Macy's and Kohl's.
JC Penney reported third-quarter earnings on Friday and cut its forecast for sales this year amid weakness in apparel. Its shares fell 10% pre-market. The retailer said it saw comparable-store sales — at locations open for at least one year — growing between 1% and 2% in the full year 2016. Show More Summary