JC Penney Company Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

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. 


Burberry files trademark suit against JC Penney Michelle Russell | 10 Feb 16

Luxury UK fashion group Burberry has filed a trademark infringement lawsuit against JC Penney for selling outerwear featuring what it claims is an exact replica of its Burberry check pattern. 


JC Penney moves in on millennials with Belle + Sky Leonie Barrie | 9 Feb 16

Following the successful pilot last autumn of a new private label fast-fashion brand targeting millennials, US department store retailer JC Penney now plans to roll out the Belle + Sky line across 500 stores from the end of this week.


JC Penney explores HQ sale to lower debt  Katie Smith | 8 Feb 16

JC Penney has revealed it is exploring the sale and partial leaseback of its headquarters in Plano, Texas, to reduce the US department store retailer's debt and lower its expenses. 


Update – Bangladesh factory fire renews fears for worker safety Michelle Russell | 3 Feb 16

Labour rights groups say they are "disturbed" after a fire that broke out yesterday (2 February) at a Bangladesh garment factory supplying fashion retailers H&M and JC Penney that was "on track" with remedial action following an inspection by the US-based Alliance for Bangladesh Worker Safety.


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


JC Penney reveals "strong" Christmas sales Michelle Russell | 7 Jan 16

US department store retailer JC Penney has revealed "strong" Christmas sales thanks to digital sales and merchandise selection, and a focus on private brands.


Mango to end JC Penney distribution deal Leonie Barrie | 11 Nov 15

Spanish women's fashion chain Mango is set to end its five-year distribution deal with US department store retailer JC Penney next year.


JC Penney builds on supply chain worker safety training Michelle Russell | 9 Nov 15

US department store retailer JC Penney has expanded its emphasis on worker safety and training in its supply chain, as it reveals details from its latest corporate social responsibility report. 


JC Penney cuts 300 head office jobs Katie Smith | 26 Oct 15

US department store retailer JC Penney is to axe 300 jobs at its headquarters in Plano, Texas, in a move it says will help the business meet financial targets and improve productivity. 


US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


JC Penney promotes Tighe to chief merchant Katie Smith | 23 Sep 15

US department store retailer JC Penney has promoted John Tighe to chief merchant as part of a wider reshuffle of its merchandising team.


PVH debuts “game changer” TekFit stretch-collar shirts Michelle Russell | 22 Sep 15

Apparel giant PVH Corp has launched what it claims will be a “game changer” in the men's dress shirt category with a product that utilises the TekFit technology most usually found in stretch-waistbands.


IN THE MONEY: JC Penney reiterates focus on supply chain efficiency Michelle Russell | 19 Aug 15

US department store retailer JC Penney has said it will continue to focus on enhancing the efficiency of its supply chain as one of a number of levers to help drive gross margin improvement.


JC Penney taps supply chain and omni-channel chiefs Katie Smith | 4 Aug 15

US department store retailer JC Penney has appointed a new executive vice president of omni-channel and senior vice president of supply chain to help propel its omni-channel growth strategy.

2

4

...

12

just-style homepage



Forgot your password?