JC Penney Company Inc - apparel and textile industry company news 
US: JC Penney raises extra $500m on $2.25bn loan
23 May 2013
Department store retailer JC Penney has secured a five-year US$2.25bn loan - $500m more than it originally expected - as it looks to turn its struggling business around.
US: Crailar Technologies joins Sustainable Apparel Coalition
23 May 2013
Crailar Technologies, developer of the Crailar Flax fibre, is the latest company to join the Sustainable Apparel Coalition (SAC), which is working to reduce the environmental and social impacts of global apparel and footwear production.
US: JC Penney Q1 losses more than double
17 May 2013
Weak sales, clearance deals and promotions have led struggling US department store retailer JC Penney Company to more than double its losses in the first quarter.
In the money: First plans emerge from new JC Penney CEO
17 May 2013
Mike Ullman, the man who has returned to turn around department store retailer JC Penney following the departure of Ron Johnson last month, has outlined the first of his plans to improve the ailing business.
BANGLADESH: NGOs increase pressure on retailers to sign fire safety agreement
10 May 2013
NGOs are increasing pressure on international clothing brands and retailers that source from Bangladesh to sign the Accord on Fire and Building Safety following another fatal incident in a garment factory.
US: JC Penney Q1 sales likely to fall 16%
8 May 2013
Beleaguered department store retailer JC Penney expects first quarter sales to slump by a further 16.4% as the company continues to under-perform.
Omni-channel retail: Technology and logistics
1 May 2013
Omni-channel services may be delivering, but they can be complex. The goal is delivering a seamless omni-channel experience for apparel buying consumers and if the tech doesn't work, the sales aren't made.
BANGLADESH: Buyers call for action on factory safety
30 April 2013
Representatives from more than 40 apparel brands and retailers have called for a credible action plan to address workplace safety in the Bangladesh clothing sector as the death toll from last week's Rana Plaza building collapse climbs to 386.
US: JC Penney secures $1.75bn loan
29 April 2013
Ailing retailer JC Penney has secured a US$1.75bn loan commitment from Goldman Sachs, two weeks after it drew $850m from its revolving credit facility.
US: More executives exit JC Penney
29 April 2013
Troubled department store retailer JC Penney has seen yet more executives depart the business this week, with Benjamin Fay, executive vice president of real estate, store design and development, becoming the latest to exit.
US: JC Penney COO Kramer departs
19 April 2013
More executives have departed JC Penney after CEO Ron Johnson was ousted just over a week ago.
US: JC Penney draws US$850m from revolving credit line
15 April 2013
JC Penney has said it will draw US$850m of its $1.85bn revolving credit facility, and will look to raise more capital.
just-style's most read stories this week...
12 April 2013
The most read stories on just-style this week include a report on efforts by retailers, brands and suppliers to solve sustainability issues, Ron Johnson stepping down as CEO of JC Penney, and the apparel industry being urged to collaborate when managing chemicals in the supply chain.
US: JC Penney CEO Johnson replaced by predecessor
9 April 2013
Ron Johnson, the man tasked with turning around struggling department store retailer JC Penney, has left the business after less than two years in the post, and will be replaced by the company's former boss Mike Ullman III.
Viewpoint: JC Penney turns around its turnaround plan
9 April 2013
Ron Johnson, the man hired just 18 months ago to transform US retailer JC Penney, has been unceremoniously ousted after his radical revamp plans failed to gain traction.
Spotlight on...Ron Johnson's tenure at JC Penney
9 April 2013
Since Ron Johnson was appointed chief executive officer of department store retailer JC Penney just 18 months ago, the company has suffered a string of losses and has been forced to make a number of U-turns as it tried to make headway on its turnaround plans.
just-style's most read stories this week...
22 March 2013
The most read stories on just-style this week include Sainsbury's revealing its general merchanside and clothing business is growing faster than its food division, Lululemon Athletica warning it may lose $20m worth of sales, and PVH planning to cut up to 1,000 jobs after its acquisition of Warnaco.
US: JC Penney CFO squashes resignation rumours
19 March 2013
The CFO of JC Penney, Ken Hannah, has denied rumours that he and CEO Ron Johnson may leave the company after coming up against mounting pressure to turn the struggling department store retailer around.
VIETNAM: TCM builds $1.6m knitting plant
15 March 2013
Vietnam's leading textile and garment manufacturer, Thanh Cong textile Garment Investment Trading JSC (TCM), has begun construction of new knitting plant in a bid to supply material for its own production.
In the money: JC Penney in promotions U-turn
1 March 2013
US department store operator JC Penney has been forced to abandon a central part of its turnaround plans after the strategy failed to gain traction with consumers.
US: JC Penney losses widen on falling sales
28 February 2013
US department store operator JC Penney saw fourth quarter net losses widen as the company said sales and traffic fell below expectations amid efforts to turn around the business.
US: JC Penney rolling out new designer collaborations
22 February 2013
US department-store retailer JC Penney Company is hoping to ramp up its fashion credentials with a number of new designer collaborations being launched this spring.
US: JC Penney extends credit facility to $1.85bn
13 February 2013
US department store retailer JC Penney has amended its bank credit facility to increase its borrowing capacity, raising concerns about its ongoing transformation strategy.
US: Crailar in development deal with Cotswold Industries
13 February 2013
Crailar Technologies has entered into an agreement with Cotswold Industries to develop sustainable pocketing and waist banding for its apparel customers.
US: JC Penney coy on potential job losses
8 February 2013
US department store retailer JC Penney has remained coy on reports it is to axe a further 300 jobs at its headquarters in Plano, Texas.
just-style's most read stories this week...
8 February 2013
The most read stories on just-style this week include a look at issues facing the apparel industry this year, JC Penney scaling back the rollout of its RFID technology, and opportunities for textile and clothing firms following the creation of the ASEAN Economic Community in 2015.
In the money: Hanesbrands eyes acquisitions to drive growth
7 February 2013
Hanesbrands chairman and CEO Richard Noll has revealed that the apparel company may look to invest in acquisitions to drive growth and strengthen its business portfolio.
US: JC Penney scales back RFID rollout
5 February 2013
US department store retailer JC Penney has confirmed to just-style that it has scaled back its RFID ambitions.
Outlook 2013: Other issues to watch
4 February 2013
Generally, 2013 is seen as being another challenging year for the apparel industry – although there is cautious optimism for an improved business environment. Issues such as compliance, sustainability and product safety are likely to come to the fore, and keep a close eye on trade talks to expand duty-free opportunities such as the Trans-Pacific Partnership (TPP).
Outlook 2013: Apparel industry opportunities
4 February 2013
Opportunities the apparel industry should focus on this year include developing strategic relationships to improve flexibility across the supply chain; a focus on adding value through design, innovation and branding to protect margins; and the use of technology to integrate the multichannel experience.
