Feeds
J.C. Penney Co. Inc. narrowed its fourth-quarter and full-year guidance Thursday after reporting slightly better-than-expected December sales.
Department store chain J.C. Penney Co. said Tuesday it has appointed a co-founder of Oxygen Media, Geraldine Laybourne, to its board.
J.C. Penney Co. Inc. on Thursday said sales at stores open at least a year fell 5.9 percent in November, worse than analyst estimates.
This holiday season, J.C. Penney CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle key rivals like Macy's.
J.C. Penney will stop publishing its twice-yearly "big book" catalogs, now that customers increasingly shop online.
Department store chain J.C. Penney Co. reported a 78 percent drop in its third-quarter earnings because of a big expense for its pension plan, and its revenue slipped from a year earlier.
Department-store operator J.C. Penney Co. reports earnings for the third quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
J.C. Penney Co. Inc. on Thursday said sales at stores open at least a year fell 4.5 percent in October, hurt in part by Halloween landing on Saturday.
Clothing maker Liz Claiborne Inc. said Thursday it will help reverse its fortune by moving its namesake line to J.C. Penny Co. from Macy's Inc. and other stores and taking the line designed by Isaac Mizrahi to the TV shopping channel QVC.
The small loss J.C. Penney Co. reported for its second quarter beat Wall Street expectations, but the company foresees sluggish sales and predicts economic worries will keep shoppers' wallets shut.
While a flurry of reports have shown the economy is starting to stabilize, consumers don't seem to be feeling it, according to earnings reports retailers issued this week.
Among the earnings stories for Friday, Aug. 14, from the AP Financial News:
Cutting inventory and other costs helped J.C. Penney Co. post a smaller loss for the second quarter than Wall Street expected, but the moderate-price department store chain expects sales to stay sluggish as consumers grapple with economic worries.
J.C. Penney Co. said Friday that its first-quarter profit tumbled 79 percent because of a big pension expense, but it narrowly beat analysts' estimates as its expenses fell and demand remained strong for the Sephora cosmetics and American Living merchandise it sells.
Department-store operator J.C. Penney Co. reports earnings for the first quarter on Friday before the market open. The following is a summary of key developments and analyst opinion related to the period.
J.C. Penney Co. raised its first-quarter earnings outlook Wednesday, saying business is stabilizing, but the department store chain forecast consumer spending will remain weak this year.
J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicted.
Department-store operator J.C. Penney Co. said Friday its third-quarter profit fell by more than half as consumers cut back on spending and took fewer trips to the mall amid the deteriorating economy.
J.C. Penney Co. reported a 36 percent drop in second-quarter profits Friday and issued a downbeat outlook for the current quarter as shoppers cut back on clothing spending in a tough economy.
J.C. Penney Co. reports earnings for the second quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
J.C. Penney reported first-quarter profits were halved and on Thursday predicted "difficult" conditions for the entire year as consumers pull back on spending.
J.C. Penney Co. officials are expected to offer investors more details Wednesday about how the department store operator will balance a moderated store growth strategy with an accelerated push for more exciting merchandise to attract frugal shoppers.
J.C. Penney, whose stores help anchor hundreds of malls across the country, delivered fresh evidence Friday that the economy is faltering in the face of higher gasoline prices and lower consumer confidence.
J.C. Penney Co. said Thursday its fourth-quarter profit fell 10 percent as its middle-class customers struggled with a weakening economy, and the department store retailer predicted modest earnings this year.
Personal information on about 650,000 customers of J.C. Penney and up to 100 other retailers could be compromised after a computer tape went missing. GE Money, which handles credit card operations for Penney and many other retailers, said Thursday night that the missing information includes Social Security numbers for about 150,000 people.
Log In | Register
