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JCPenney Co.

  • Kohl's surprises in third quarter

    Strong back-to-school sales allowed Kohl's to upstage Macy's in the third quarter.

    Kohl's revenue rose a better-than expected 1.2% to $4.43 billion in the period ended Oct. 31. Same-store sales rose 1%. Earnings fell to $120 million, or 63 cents a share, from $142 million, or 70 cents a share, a year earlier. Excluding a loss on the extinguishment of debt, adjusted per-share earnings were 75 cents a share, which also beat expectations.

  • JCPenney comps up 6.4% amid legal settlement

    JCPenney says the company's third quarter results will "exceed expectations" despite a $50 million settlement charge to settle a false advertising class action lawsuit. 

    The company announced Wednesday that it has reached an agreement to settle a false advertising class action lawsuit brought on behalf of California customers who purchased certain JCPenney private or exclusive branded products.

  • J.C. Penney comps up 6.4% amid legal settlement

    J.C. Penney says the company's third quarter results will "exceed expectations" despite a $50 million settlement charge to settle a false advertising class action lawsuit.

    The company announced Wednesday that it has reached an agreement to settle a false advertising class action lawsuit brought on behalf of California customers who purchased certain J.C. Penney private or exclusive branded products.

  • Target, Neiman Marcus and Jet.com among Shoptalk headliners

    More than 100 senior retail executives are already confirmed as speakers for a first-of-its-kind event called Shoptalk that will be held next May with a focus on next generation commerce.

    Organizers of the event have confirmed speaker participants including Jason Goldberger, president of Target.com and mobile; Casey Carl, Target chief strategy and innovation officer; Joe Megibow, chief digital officer at American Eagle Outfitters; John Koryl, president of Neiman Marcus stores and online and Andrea Wasserman, senior VP and head of direct-to-consumer at Nine West Group.

  • A retail holiday hiring scorecard

    Before retailers compete for holiday sales they are competing for seasonal talent that will have a big impact on their performance. Here’s a look at whose hiring season help and how many positions are being filled.

  • J.C. Penney letting go of 300 at HQ

    Headquarters layoffs are spreading throughout the retail industry with J.C. Penney joining Walmart and Dollar General in making deep cuts to its non-store workforce.

    The department store retailer on Thursday said it planned to cut 300 of its 3,400 home office positions to reduce expenses and achieve financial targets.

  • Amazon.com is increasing its holiday workforce by 25%

    Amazon.com is increasing the number of workers it is hiring for the holidays this year to meet an increase in customer demand, revealing a possible shift in the way consumers shop.

    The retailer says it plans to hire more than 100,000 seasonal employees this year. It hired 80,000 seasonal employees in 2014.

  • Bluemercury’s search for exceptionalism

    Sephora and Ulta are successful retailers in their own right, but Bluemercury founder Barry Beck wants to chart a different growth path for the company Macy’s acquired earlier this year.

    When Macy’s announced in February it was buying beauty retailer Bluemercury, a lot of watchers wondered what the little-known niche retailer could offer the nation’s second largest department store chain. The answer to that question lies in something the founder of Bluemercury calls “exceptionalism.”

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