JC Penney Company Inc

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Global retail staff and salary reductions amid Covid-19 – Update just-style | 7 Apr 20

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:


Global retail closures as coronavirus spreads – Update just-style | 7 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


US Q4 in brief – PVH Corp, Iconix Brand Group, Oxford Industries just-style | 2 Apr 20

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, PVH Corp has reported a net loss, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall. Elsewhere, Guess CEO Carlos Alberini has hailed a "strong" performance, and Lands' End has reported increases in both earnings and revenue. 


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco just-style | 5 Feb 20

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. 


US holiday sales in brief – Target Corp, Zumiez, Urban Outfitters just-style | 16 Jan 20

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Target's holiday sales failed to meet company expectations but Urban Outfitters reported record results. Elsewhere, L Brands has lowered its fourth-quarter earnings guidance and Kohl's is now expecting fiscal 2019 diluted earnings per share to be at the low end of its guidance range.


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores just-style | 1 Nov 19

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. 


New JC Penney head of planning, allocation and pricing Michelle Russell | 16 Oct 19

US department store retailer JC Penney has appointed former Macy’s executive Laurie Wilson as senior vice president of planning, allocation and pricing.


JC Penney warned on potential NYSE delisting Beth Wright | 9 Aug 19

JC Penney has been warned of a potential delisting from the New York Stock Exchange (NYSE) after shares in the US department store retailer traded below US$1 for a period of 30 days.


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands just-style | 1 Aug 19

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. 


JC Penney new hire to bolster stores and omnichannel Beth Wright | 31 Jul 19

US retail giant JC Penney has announced more leadership changes, bringing James DePaul on board as executive vice president of stores while Mike Robbins, executive vice president of stores and supply chain, leaves the company.


JC Penney denies debt restructuring claims Beth Wright | 22 Jul 19

US retail giant JC Penney has responded to reports the company has hired advisers to explore debt restructuring options, noting it has a "strong liquidity position" and is not preparing for a restructuring or bankruptcy.


JCPenney names Ejarque Lopez as GMM women’s apparel Leonie Barrie | 4 Jun 19

US department store retailer JCPenney Company has today (4 June) named Victor Ejarque Lopez as its senior vice president, general merchandise manager for women’s apparel.


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity just-style | 23 May 19

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.


JC Penney looks to new chief customer officer to revitalise brand Hannah Abdulla | 21 May 19

US retail giant JC Penney has announced another C-suite appointment, bringing Shawn Gensch on board as executive vice president, chief customer officer, to revitalise the brand and drive customer-centric strategies to grow store traffic.


JC Penney names new CFO as it eyes return to profit Beth Wright | 28 Mar 19

US retail giant JC Penney has announced another C-suite appointment, bringing Bill Wafford on board as executive vice president, chief financial officer.


JC Penney ups stores closures to 18 Beth Wright | 1 Mar 19

US retail giant JC Penney is to shutter 18 full-line stores this summer as part of its bid to return to profitable growth.


JC Penney continues to bolster leadership team Beth Wright | 28 Feb 19

US retail giant JC Penney has further bolstered its leadership team, naming former Gap Inc and Target Corp executive Michelle Wlazlo as executive vice president, chief merchant, as part of its bid to drive sustainable profitable growth.


JC Penney to focus on "higher margin" apparel Hannah Abdulla | 12 Feb 19

US retailer JC Penney is looking to tighten its core offering, ditching products like major appliances and focusing more on higher margin products such as apparel.


US Q3 in brief – Boot Barn Holdings, VF Corp just-style | 6 Feb 19

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.


US holiday sales in brief – Nordstrom, Citi Trends, Urban Outfitters just-style | 15 Jan 19

It's been a mixed bag of holiday sales filings from US apparel and footwear brands and retailers as Urban Outfitters reported record holiday sales, Kohl's raised its full-year earnings guidance on the back of a 1.2% rise, while US retail giant JC Penney is to shutter three stores this spring on the back of a 5.4% comp sales drop.


JC Penney to close three stores amid festive comp fall Beth Wright | 9 Jan 19

US retail giant JC Penney is to shutter three stores this spring as part of an ongoing evaluation of its store portfolio under new CEO Jill Soltau.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 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.

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