Rent Extension Boosts J.C. Penney Bankruptcy Prospects
The United States Bankruptcy Court for the Southern District of Texas, in Corpus Christi, has given J.C. Penney additional time to pay rent.
JC Penney
Report: Lord & Taylor Weighs Bankruptcy Filing
Lord & Taylor is reportedly exploring filing for bankruptcy protection after it was forced to temporarily shut all of its 38 U.S. department stores in the wake of the coronavirus outbreak, according to a recent report on Reuters.
J.C. Penney Adds Buchanan, Beuthin To Executive Team
J.C. Penney has named Brooke Buchanan as svp/communications, reporting to Jill Soltau, CEO, effective October 28. In addition, the company has appointed Robin Beuthin as vp/creative marketing.
J.C. Penney Executive Appointments Reinforce Growth Initiatives
J.C. Penney has made several appointments to its executive team, including in its home categories, as it continues to reinforce its growth initiatives.
J.C. Penney Exiting Major Appliances, Cutting Back Furniture
In a company blog post, J.C. Penney said it is getting out of major appliances and cutting back on furniture operations as it reconsiders store layouts.
Holidays Inspire J.C. Penney Peyton & Parker Brand
J.C. Penney is introducing a new private label brand, Peyton & Parker, developed to help moms create effortless yet coordinated styles for family and home.
J.C. Penney’s Ellison Resigns, Takes CEO Role At Lowe’s
Lowe’s has named Marvin Ellison president and CEO, effective July 2. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire.
Report: J.C. Penney To Close Eight Stores
Following news that J.C. Penney would close its Wisconsin distribution center, the department store retailer is also shutting eight stores following a post-holiday review, according to a report from the Dallas Morning News.
J.C. Penney To Shut Wisconsin Distribution Center
J.C. Penney will close its Wauwatosa, WI, distribution center as part of an ongoing effort by the retailer to reduce its supply chain network that a spokesman said is “oversized” relative to the company’s national footprint.
Target Rolling Out Ayesha Curry Cookware Collection
Target is rolling out Ayesha Curry’s newly-launched line of cookware, bakeware and kitchen tools in October.
J.C. Penney Rolling Out Ayesha Curry Cookware Collection
J.C. Penney is rolling out the Ayesha Curry cookware collection this fall to more than 600 stores. Curry developed the lifestyle oriented cookware and housewares line in partnership with Meyer Corp.
Depending On Housewares Again
Housewares veterans like to remind everyone how the category historically has been a dependable business, prone to neither steep gains during economic booms nor steep declines during downturns.
J.C. Penney Q1 Comps Down, Home Sees Growth
Comparable store sales at J.C. Penney fell during the first quarter as officials with the retailer said a difficult selling environment in February had a negative impact on results for the three month period ended April 29.
Rooting For Ron Johnson Again
They might not admit it now, but there were plenty of people in retailing rooting for Ron Johnson after he announced JC Penney’s plan to attract new customers with exclusive brands and experiences that wouldn’t need coupons and one-day sales as the primary bait.
J.C. Penney Completes Headquarters Sale
J.C. Penney has completed the sale of its home office and surrounding 45 acres in Plano, TX, for a gross sale price of $353 million.
J.C. Penney Gives Housewares Prime Black Friday Placement
J.C. Penney is featuring small electrics and major appliances on the cover of its 72-page Black Friday circular, the retailer revealed in an exclusive preview for those that use its mobile app.
J.C. Penney Names Brown To Board
J.C. Penney Company has elected Paul Brown, chief executive officer of Arby’s Restaurant Group, to its board of directors.
Epicurious Expands Into Kitchen Tools
Condé Nast is expanding its Epicurious collection into kitchen gadgets and tools. The licensed line is manufactured through a partnership…
L.L. Bean, Amazon Top Prosper Customer Service Champions
L.L. Bean topped the Prosper Insights & Analytics Customer Service Champion study for the second year in a row, with…
J.C. Penney Appoints Payne, Raines To Board
J.C. Penney Company has elected Lisa Payne, vice chairman of Taubman Centers, and J. Paul Raines, CEO of GameStop Corporation,…