Tag Archives: J.C. Penney

JCP to Debut Home Catalog in March


PLANO, Texas-J.C. Penney will launch a catalog that will feature items from its home department in March, the first catalog it has mailed out since 2010. The book will be 120 pages and will be sent to select customers. Responding to press reports, a J.C. Penney spokesperson said this does not represent a return byMore »

Last updated: January 20, 2015

JCP to Close Stores, Cut Jobs

J.C. Penney

PLANO, Texas-J.C. Penney said it will close about 40 stores throughout the nation during this year, and cut about 2,250 jobs. Responding to a request for comment by HFN, Kate Coultas, a spokesperson for the department-store retailer, said most of the store closings would occur by April 4. “While it’s never an easy decision toMore »

Last updated: January 9, 2015

Happy Holidays for JCP

J.C. Penney

PLANO, Texas-In what CEO Myron Ullman III described as another step toward the company’s recovery, J.C. Penney reported a same-store sales gain of 3.7 percent for the holiday sales period, consisting of the nine weeks straddling November and December. In its statement on this result, J.C. Penney also said it now expects fourth-quarter same-store salesMore »

Last updated: January 7, 2015

J.C. Penney Slashes Q3 Loss; Home Scores a Win


PLANO, Texas-In a quarter in which the home department was a top performer, J.C. Penney slimmed its third-quarter net loss to from $489 million in last year’s third quarter to $188 million this year. Net sales were down 0.5 percent, totaling $2.8 billion and including a flat performance in same-store sales. But in a conferenceMore »

Last updated: November 13, 2014

Powers Tabbed as Home Depot EVP, U.S. Stores

Marc Powers

ATLANTA-The Home Depot (NYSE: HD) has named Marc Powers executive vice president of U.S. stores, succeeding Marvin Ellison, who was named president and CEO-designee of J.C. Penney last week. Powers will assume his new role on Nov. 1, the same date on which Ellison will move to his new post. He will be responsible forMore »

Last updated: October 20, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

Reports: Amazon to Open First Store in NYC


NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about aMore »

Last updated: October 10, 2014

J.C. Penney to Intensify Promotions in Home

Liz Sweney

NEW YORK-Having restored promotions with its relaunch of its home business in March, J.C. Penney will ramp up promotions in home going forward, company executives said at yesterday’s meeting with financial analysts. Restoring and accelerating promotions are major parts of the retailer’s effort to realize the opportunity to increase home-department sales by $750 million overMore »

Last updated: October 9, 2014