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JCPenney Co.

  • Penney same-store sales up 10% in November

    Plano, Texas  -- J. C. Penney said that its same-store sales rose 10.1% for the fiscal month ending November 30, 2013.  The retailer's stock was up 4.6% to $10.57 percent in after-hours trading Tuesday.

  • Rethinking Innovation

    By Kathy Gersch, executive VP, Kotter International

    One thing is certain in the world of retail: the pace of change is accelerating, and competition is fierce. Longstanding retail behemoths are dying, new specialty stores are springing up overnight, and everyone is desperately searching for new ways to stay ahead of the competition while keeping themselves from sinking. People talk about this, but in my opinion, they are missing the true problem.

  • Report: J.C. Penney CEO buys $1 million of company stock

    Plano, Texas – Myron Ullman, CEO of embattled department store chain J.C. Penney, has reportedly bought $1 million of company stock. According to the Associated Press, Ullman purchased 112,000 shares at $8.95 apiece on or around Nov. 22.

  • S&P 500 drops J.C. Penney

    Plano, Texas – J.C. Penney will no longer be included on the Standard & Poor’s 500 Index.  

    Dow Jones Indices, which manages the S&P 500 as well as many other financial indices, said on Nov. 22 that Allegion, an Ireland-based provider of mechanical and electronic security products, will replace Penney on the S&P 500. Penney will join the S&P MidCap 400. The change will become effective after the stock market closes on Nov. 29.

  • Thanksgiving sales have low social media promotion

    Raleigh, N.C. – Thanksgiving holiday sales are not getting much social promotion this year from retailers. According to an analysis of 494 brand posts from eight retailers by social software company Expion, only 10 focused on Thanksgiving holiday sales (Thanksgiving Day, Black Friday, Cyber Monday), or just 2% of all brand posts, and only five of the eight retailers posted about holiday sales.

  • Thanksgiving sales not getting much love on social media

    Thanksgiving holiday sales are not getting much social promotion this year from retailers. According to an analysis of 494 brand posts from eight retailers by social software company Expion, only 10 focused on Thanksgiving holiday sales (Thanksgiving Day, Black Friday, Cyber Monday), or just 2% of all brand posts, and only five of the eight retailers posted about holiday sales.

  • DSW signs inks 20,000-sq.-ft. deal in Tempe, Ariz.

    Phoenix — DSW Designer Shoe Warehouse has taken 20,000 sq. ft. at Tempe Marketplace in Tempe, Ariz., according the CBRE, which represented DSW in the negotiations. Vestar represented Tempe Marketplace.

    Developed by Vestar in 2007, Tempe Marketplace is an interactive shopping, dining and entertainment destination featuring 1.3 million sq. ft. of retail space. The tenant list now includes DSW plus Target, Cost Plus World Market, Old Navy, J.C. Penney, Gap and Best Buy. It is also the first Arizona location for Dave & Busters.

     

  • J.C. Penney Q3 loss widens; encouraged by positive signs

    Plano, Texas -- J.C. Penney posted a bigger-than-expected loss for its third quarter. But the struggling retailer pointed to hopeful signs that its business is starting to stabilize as its heads into the holiday season.

    Penney reported a loss of $489 million in the three months ended Nov.2, compared with a loss of $123 million in the year ago period.

    Sales fell 5.1% to $2.78 billion. Same-store sales were down 4.8%, but the period ended with its first monthly gain since December 2011. And online sales rose 24.5%, to $266 million.

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