jc penny news and archive

JC Penny says it plans to close six stores this year

The retail climate is not ideal for department stores at the moment. JC Penny today announced plans to close six stores by April of this year. The retailer currently operates around 850 stores throughout the U.S. and Puerto Rico, after having closed 37 stores in 2019. JC Penny has experienced poor sales recently, with its holiday same-store...

People

J.C Penney announces executive changes

J. C. Penney Company has taken steps to enhance its organisational structure and promote collaboration in support of the company's leading private brand portfolio. After 39 years with the company, Ken Mangone, EVP, product development, design and sourcing, is retiring effective April 1, 2016. Val Harris; former vice president of product...

Design

JCPenny same-store sales improve 6 percent in Q2

REPORT_ For the second quarter ended August 2, 2014, JCPenney reported net sales of 2.80 billion dollars compared to 2.66 billion dollarsin the second quarter of 2013. Same store sales increased 6 percent for the quarter. Online sales through jcp.com were 249 million dollars for the quarter, up 16.7 percent versus the same period last year....

Fashion

Liz Claiborne sees new JC Penney distribution

American conglomerate Liz Claiborne this week announced steps to revitalize the Liz Claiborne brand franchise and to significantly alter its earnings trajectory. The company entered into a long-term licensing agreement with J. C. Penney Company under which JCPenney will become the exclusive department store destination for all Liz Claiborne and...