Content about James Cash Penney

January 15, 2014

J. C. Penney Company announced that as part of its turnaround efforts it will close 33 underperforming stores across the country.

December 3, 2013

J. C. Penney said that its same-store sales rose 10.1% for the fiscal month ending November 30, 2013.

October 25, 2013

J. C. Penney Company has teamed up with the shopping app, Shopkick.

August 13, 2013

J.C. Penney Co. announced that activist investor and hedge fund manager Bill Ackman has resigned from the board of directors of the company, effective Aug. 12.

April 24, 2013

Another Ron Johnson-appointee and former Apple executive has left J.C. Penney.

April 23, 2013
J. C. Penney Company announced the promotion of Brynn Evanson to EVP human resources, leading all HR functions across stores, supply chain and the home office, including team member relations, recruiting, learning and development, compensation and benefits, and talent operations.
February 13, 2013

J. C. Penney Co boosted its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date.

September 14, 2012

J. C. Penney Company said that in conjunction with an open house tour of its new in-store shops, the company will webcast a question and answer session with its chief executive officer, Ron Johnson.

August 6, 2012

J.C. Penney chairman and CEO Ron Johnson on Monday sent out an email to the chain’s customers detailing how it is returning to the pricing policies its founder James Cash Penney intended.

August 6, 2012

J.C. Penney chairman and CEO Ron Johnson on Monday sent out an email to the chain’s customers detailing how it is returning to the pricing policies its founder James Cash Penney intended.

July 25, 2012

J.C. Penney announced a partnership with Canadian fast-fashion brand Joe Fresh that will see some 700 Joe Fresh in-store boutiques open in J.C. Penney department stores in April 2013.

July 18, 2012

J. C. Penney Co. will implement a complete, open and integrated suite of Oracle Retail solutions designed to streamline operations and improve the cross-channel customer experience.

May 15, 2012

J.C. Penney Co. reported a wider-than-expected loss of $163 million, or 75 cents a share, for its fiscal quarter ended April 28, 2012, compared with a year-earlier profit of $64 million.

May 3, 2012

J. C. Penney Co. said that Ken Hannah has been named CFO, effective May 7.

January 18, 2012

J. C. Penney Co. has tapped another former Apple executive to join its executive ranks. J. C. Penney announced that Kristen E. Blum has been named executive VP and chief technology officer, effective Jan. 23.

January 10, 2012

J.C. Penney Co. announced that Thomas J. Engibous will become chairman of its board of directors, effective Jan. 28.

October 18, 2011

SB Capital Group, a Schottenstein affiliate, said Monday it has acquired 15 J.C. Penney Outlet Stores from J. C. Penney Co., and will rebrand the units as JC’s 5 Star Outlet.

October 12, 2011

J. C. Penney Co. said Wednesday it will acquire the worldwide rights for the Liz Claiborne family of brands, as well as the United States and Puerto Rico rights for the Monet brand for $267.5 million.

June 20, 2011

J.C. Penney Co. on Monday detailed the timeline of its upcoming change in executive management with the news that current CEO and chairman Myron “Mike” Ullman will leave the company and the board in February 2012 after a three-month transition period during which he will hand over the reins in full to his successor, Apple retail guru Ron Johnson.

June 14, 2011

Ron Johnson, the man credited with building Apple’s wildly successful retail empire, is leaving the high-tech company to become CEO of J.C. Penney Co.

May 2, 2011

J. C. Penney Corp. has completed a new five-year $1.25 billion bank credit facility.

February 9, 2011

J. C. Penney Co. announced Wednesday that its board of directors has elected William A. Ackman, founder and CEO of Pershing Square Capital Management, and Steven Roth, chairman of the board of Vornado Realty Trust, as directors.

January 11, 2011

J. C. Penney Co. has named Michael Dastugue as executive VP and CFO.

May 25, 2010

J. C. Penney Co. announced the completion of two related transactions aimed to further strengthen...

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