JC Penney Company Inc

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US Q2 in brief – VF Corp, Sears, Cherokee Global Brands just-style | 19 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


JC Penney names new CEO, launches Instagram-inspired brand Beth Wright | 3 Oct 18

US department store chain JC Penney has named former Shopko Stores president Jill Soltau as CEO and revealed it will launch a new private brand later this month, tailored towards what it calls "socially connected moms".


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn just-style | 8 Aug 18

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.


JC Penney CEO Ellison steps down in move to Lowe's Michelle Russell | 22 May 18

Beleaguered US department store chain JC Penney has announced the resignation of chairman and CEO Marvin Ellison.


JC Penney joins Cotton Leads programme Beth Wright | 23 Mar 18

JC Penney has joined more than 500 companies from across the global supply chain who have signed up to the Cotton Leads programme, which supports responsible production practices by cotton growers in the US and Australia.


JC Penney cuts 360 jobs as sales miss expectations Michelle Russell | 2 Mar 18

JC Penney has has eliminated around 360 jobs at its headquarters, and at stores throughout the US, as it revealed fourth-quarter sales that missed expectations.


JCPenney launches Obsess brand for Gen Z girls Leonie Barrie | 22 Feb 18

US department store retailer JCPenney is launching a new capsule collection aimed at Generation Z  girls – a demographic expected to become the largest consumer segment over the next few years.


JC Penney cuts 670 jobs as it realigns supply chain Michelle Russell | 16 Feb 18

JC Penney is closing a large distribution centre and eight stores in a move that will impact 670 jobs as the US retail giant looks to realign its supply chain.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.


JC Penney reaffirms FY guidance on holiday sales uptick Beth Wright | 5 Jan 18

The uptick in JC Penney's holiday sales performance should help ease fears the US retail giant is in a "terminal decline", according to one analyst, as the company reaffirmed all components of its full-year guidance on the back of encouraging holiday sales. 


JC Penney surpasses energy and greenhouse goals Michelle Russell | 9 Nov 17

US retail giant JC Penney increased its effort to audit supplier factories in the last year and has surpassed its energy and greenhouse gas emissions goals.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


JCPenney appoints Jeffrey Davis CFO Hannah Abdulla | 25 Jul 17

US department store retailer JCPenney has named Jeffrey Davis as its CFO following the departure of Edward Record.


JC Penney CFO Record to step down Jordan Brace | 11 Jul 17

US department store retailer JCPenney has announced its executive vice president and chief financial officer, Edward Record, is to step down from today (11 July) to pursue other interests.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


JC Penney to close up to 140 stores amid lower sales Michelle Russell | 24 Feb 17

US retail giant JC Penney is to close two distribution facilities and around 130 to 140 stores over the next few months as part of plans to optimise its retail operations and drive profitability as it revealed a fall in fourth-quarter sales.


JC Penney appoints head of India R&D centre Michelle Russell | 24 Jan 17

Retail giant JC Penney has appointed Snehil Gambhir to head up its first global in-house centre (GIC) in India, which was set up last year to bolster the group's digital and innovation capabilities.


JC Penney to roll out hundreds of Nike "shops" Beth Wright | 18 Jan 17

Retail giant JC Penney is to roll out hundreds of Nike "shops" across its stores in a move the company says "underscores its commitment to activewear".


JC Penney latest retailer to shutter stores? Michelle Russell | 13 Jan 17

Retail giant JC Penney is understood to be planning to close some of its 1,014 stores, joining a raft of other US retailers who have announced similar plans this year so far amid weak sales.


Top 20 news stories on just-style in 2016... Michelle Russell | 19 Dec 16

Instead of our regular roundup of the most-read stories on just-style during the week, we thought a fitting end to the year would be to take a look at the top news stories on just-style in 2016. Cutting edge innovations, Africa growth, Brexit, worker safety, key apparel and footwear trends, and minimum wages were just some of the issues that made the headlines.


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


JC Penney 3-year strategy to focus on omni-channel Michelle Russell | 18 Aug 16

US department store retailer JC Penney has unveiled a three-year turnaround plan for accelerated growth that will see it focus on advancing its omni-channel execution and driving private and exclusive brand penetration.


JC Penney CEO Ellison succeeds Ullman as chairman Beth Wright | 22 Jul 16

Department store retailer JC Penney Company has promoted its CEO Marvin R Ellison to chairman, succeeding Myron (Mike) Ullman III, who will be retiring in line with the company's transition plan outlined in 2014.


JC Penney launches first private label for plus-size millennials Leonie Barrie | 18 May 16

Building on the combined strengths of its private brands and the growing plus-size and millennial markets, JC Penney has launched its first plus-size line for millennial women.


JC Penney shifting merchandise mix from apparel Leonie Barrie | 17 May 16

After its apparel sales took a hammering from unseasonably cold spring weather in the first quarter, US department store retailer JC Penney is shifting its focus away from clothing and onto less weather-sensitive categories instead.


US court dismisses lawsuit over Rana Plaza collapse Leonie Barrie | 11 May 16

A lawsuit launched against three US retailers by victims of the Rana Plaza building collapse in Bangladesh has been dismissed largely on technicalities.


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


JC Penney to split design and sourcing roles Katie Smith | 16 Feb 16

US department store retailer JC Penney is to split Ken Mangone's role as executive vice president of product development, design and sourcing, after announcing his retirement. 

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