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JCPenney Co.

  • 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.

  • PREIT completes sale of Chambersburg Mall

    Philadelphia — Pennsylvania Real Estate Investment Trust has completed the sale of Chambersburg Mall in Chambersburg, Pa., for $8.8 million.The sale marks another step in PREIT’s continuing effort to improve the quality of its portfolio through the sale of non-core assets. Net proceeds from the transaction totaled approximately $8.4 million.

  • H.J. Martin and Son helps Penney complete in-store shops project

    Green Bay, Wis. -- H.J. Martin and Son helped J.C. Penney add two new in-store shops: Disney and GiggleBaby.

    Fifty crews of two people – 100 total – from H.J. Martin were dedicated to the project, which spanned two-and-a-half weeks from mid-September until early October. In all, H.J. Martin performed the work in 218 Penney stores across the United States, with the exception of the south and southeast.

  • Prosper Insights predicts holiday winners and losers

    Worthington, Ohio — Target, Kohl’s, Costco, Macy’s and Old Navy, with an honorable mention to J.C. Penney, are the holiday 2013 retail winners, according to business intelligence provider Prosper Insights & Analytics.  The firm on Tuesday released its  Holiday 2013 Retail Winners & Losers list at the Morgan Stanley Global Consumer and Retail Conference.

  • Best Buy opens many stores 6 p.m. Thanksgiving

    Richfield, Minn. – Best Buy is the latest major retail chain to prepare for an early start to Black Friday. More than 1,000 Best Buy stores in 47 states will open their doors at 6 p.m. Thanksgiving night and stay open till 10 p.m. on Friday, Nov. 29.

  • Belk plans 8 p.m. Thanksgiving opening

    Charlotte, N.C. -- Belk stores will open at 8 p.m. on Thanksgiving Day. From 8 p.m. Thursday, Nov. 28 through 1 p.m. Friday, Nov. 29, stores will offer more than 350 early bird specials while quantities last The promotion will feature hundreds of special deals in every department.

    The first 250 customers at each store at the 8 p.m. opening on Thanksgiving will receive a free Belk gift card with a value ranging from $5 to $1,000, and with a guaranteed $1,000 gift card winner in each of the company's 301 stores.

  • Subway extends mall lease in Mount Vernon, Ill.

    Mount Vernon, Ill. — Sansone Group and Pine Tree Commercial Realty LLC have signed a lease extension with Subway restaurant at Times Square Mall in Mount Vernon, Ill. As part of the extension, Subway will expand its restaurant by approximately 500 sq. ft.

    Sansone Group (www.sansonegroup.com) and Pine Tree (www.pinetreecommercial.com) own the 269,328-sq.-ft. center in partnership with the Wanxiang America Real Estate Group.

  • JCP manages October comp increase!

    J.C. Penney scored a major victory during October with same stores sales up 0.9%. That may not seem like much, but for a company that has been written off by many the meager increase offers an encouraging tailwind heading into what retailer’s nationwide expect to be a challenging holiday season.

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