Tag Archives: J.C. Penney

J.C. Penney Slashes Q2 Loss as Sales Gain

J.C. Penney

PLANO, Texas-With net sales increasing for the second quarter in a row, J.C. Penney reported a net loss of $172 million in its fiscal second quarter, compared to a net loss of $586 million in the second quarter of last year. Net sales gained 5.1 percent to $2.8 billion in the quarter, which ended onMore »

Last updated: August 15, 2014

Balta U.S. Names Papa National Accounts Manager

Balta U.S.

DALTON, Ga.–Industry veteran Chris Papa has joined Balta U.S. as national accounts manager. Papa will be based out of his office in Minnesota. With more than 30 years of experience in home fashions, Papa has worked as senior bath buyer for both J.C. Penney and Target and as divisional merchandise manager for the bath forMore »

Last updated: July 29, 2014

J.C. Penney Appeals Decision in Macy’s Suit

JCPenney

NEW YORK-J.C. Penney said it is appealing the New York State Supreme Court’s ruling in favor of Macy’s, in the lawsuit regarding J.C. Penney’s agreement for a Martha Stewart-branded line of home goods with Martha Stewart Living Omnimedia (MSLO). On June 16, State Supreme Court Justice Jeffrey Oing said that agreement “tortiously interfered” with theMore »

Last updated: July 2, 2014

Judge: JCP Interfered with Macy’s-MSLO Agreement

JCPenney

NEW YORK-The New York State Supreme Court Justice hearing the lawsuit by Macy’s against J.C. Penney and Martha Stewart Living Omnimedia (MSLO) has ruled that J.C. Penney “tortiously interfered” with the agreement between Macy’s and MSLO. In the 63-page ruling, Justice Oing said Macy’s had proven that it had a valid contract with MSLO forMore »

Last updated: June 17, 2014

Sadove Joins Traub to Launch Traub Accelerator

Stephen Sadove

NEW YORK-Marvin Traub Associates has named Stephen Sadove, former Saks chairman and CEO, to introduce the Traub Accelerator, a new division targeted to grow innovative technologies, concepts and platforms in the retail  and consumer industries. In his new role, Sadove will serve as co-founder and head of Traub Accelerator, and will act as advisor toMore »

Last updated: June 10, 2014

J.C. Penney Launches Gibson’s Simplemente Delicioso Program

Ingrid Hoffmann shows off the comal pan.

COMMERCE, Calif.–J.C. Penney has placed Gibson’s recently launched Simplemente Delicioso housewares program in its stores throughout the country. The extensive collection of cookware, gadgets and tabletop is the result of a license agreement with Hispanic media giant Univision and was created in collaboration with chef and cookbook author Ingrid Hoffmann, who stars in a UnivisionMore »

Last updated: May 22, 2014

Q1 Sales Up for J.C. Penney

J.C. Penney

PLANO, Texas–J.C. Penney posted a loss of net income of $352 million in the first quarter ended May 3, compared to a $348 million loss in the year-ago period, but reported a 6.3 percent net sales increase, to $2.80 billion. Same-store sales increased 6.2 percent and improved sequentially each month within the quarter, the retailerMore »

Last updated: May 16, 2014

Pondering Millennials

Duke_Ratliff

By Duke Ratliff Call them a marketer’s dream—or nightmare—the consumer segment dubbed “millennials” (consumers aged 18-34) is starting to make its presence felt in the home furnishings industry. Attention-getting products targeting millennials have been seen at every trade show this year. These items are usually inventive, colorful or unusual in some way—perfectly reflecting the quirky,More »

Last updated: May 1, 2014