JC Penney Company Inc

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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.


Analysts cautious on JC Penney Q1 loss Richard Woodard | 14 May 15

Analysts have given a luke-warm reaction to a narrowing of losses at retailer JC Penney in the first quarter, warning that the company “still has much to do” to turn its fortunes around.


Wal-Mart silent on Rana Plaza lawsuit Richard Woodard | 30 Apr 15

Retail giant Wal-Mart Stores is remaining silent on a class action launched against it in the US by victims of the Rana Plaza building collapse in Bangladesh.


IN THE MONEY: Omnichannel biggest opportunity for JC Penney Michelle Russell | 5 Mar 15

US department store retailer JC Penney has said one of its biggest opportunities for incremental growth in the near term is in omni-channel, as it looks to deliver continued improvements in the business.


Jones New York latest casualty to shutter stores Katie Smith | 30 Jan 15

Jones New York has become the US apparel industry's latest casualty, revealing it will close all 127 of its stores and end its wholesale business as the women's clothing brand seeks strategic alternatives.


JC Penney to close 10 Foundry stores Michelle Russell | 27 Jan 15

Ailing US department store retailer JC Penney has closed ten of its The Foundry Big & Tall Supply Co. stores.


Outlook 2015: Challenges and opportunities Leonie Barrie | 15 Jan 15

One of the biggest challenges – and opportunities – facing the apparel industry in 2015 is how best to embrace the omni-channel retail model, improve the shopping experience, and respond with new supply chain solutions. The changing profile of consumers in Asia is also likely to impact consumption and production, while global compliance and factory safety will continue to be a focal point.


JC Penney 40-store closure to axe 2,250 jobs Katie Smith | 9 Jan 15

US department store retailer JC Penney has revealed it will close around 40 stores over the next year, resulting in 2,250 job cuts.


JC Penney hails holiday sales growth Katie Smith | 7 Jan 15

US department store retailer JC Penney has seen its share price spike, after hailing a solid performance over the holiday season and offering an optimistic outlook for the fourth-quarter.

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