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JCPenney’s Ullman Stepping Down As Chairman
PLANO, Texas (AP) - JCPenney Co.’s Myron E. Ullman III is stepping down as chairman and will be replaced by board member Thomas Engibous on Jan. 28. The move disclosed Tuesday will sever Ullman’s last...
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Reports Says JCPenney “Slashing Thousands Of Jobs”
PLANO (CBSDFW.COM)- The New York Post is reporting that thousands of JCPenney workers could soon be in the unemployment line. According to the newspaper, the company is “slashing thousands of jobs...
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Macy’s Sues To Block Martha Stewart From JCPenney
NEW YORK (AP) - Macy’s Inc. has sued Martha Stewart Living Omnimedia Inc. in a bid to block a licensing deal between the housewares company and JCPenney Co. The lawsuit was filed Monday in New York...
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JCPenney Permanently Marking Down Prices
NEW YORK (AP) - JCPenney is permanently marking down all of its merchandise by at least 40 percent so shoppers will no longer have to wait for a sale to get the lowest prices in its stores. Penney said...
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JCPenney Shares Soar On Upbeat 2012 Outlook
NEW YORK (AP) - Shares of JCPenney Co. are soaring 13 percent Thursday after the department store chain delivered a 2012 profit outlook that’s well above analysts’ projections. It says it expects...
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JCPenney CEO Brings Lessons From Apple
JCPenney CEO Ron Johnson attends an event on January 25, 2012 in New York City. (credit: Astrid Stawiarz/Getty Images for JCPenney) NEW YORK (AP) - Everyone in the retail world wants to see if Ron...
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JCPenney Hopes Ellen DeGeneres Can Boost Its Image
NEW YORK (CBSDFW.COM/AP) – As J.C. Penney Co. aims to re-invent itself, it’s hoping a famous former employee can help out. Talk-show host Ellen DeGeneres, who worked at a Penney store in Louisiana, in...
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JCPenney Reports $87 Million Q4 Loss
NEW YORK (AP) - JCPenney Co. says it lost $87 million in the fourth-quarter, citing restructuring and management transition charges as well as the financial impact related to its new pricing strategy....
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Cindy Crawford: A Model Parent
Model Cindy Crawford attends DIFFA's Dining By Design New York 2010 at Pier 94 on March 22, 2010 in New York City. (credit: Astrid Stawiarz/Getty Images) NEW YORK (CBS NEWS) - If you want to feel...
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600 J.C. Penney Workers Laid Off, 13 Percent Of Plano Staff
NEW YORK (CBSDFW.COM/AP) – Plano-based J.C. Penney Co. says it has laid off 600 associates, or 13 percent of the staff at its headquarters today. The move comes as the department store chain looks to...
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JC Penney Chief Financial Officer Leaving Company
PLANO (AP) - J.C. Penney Co. says Chief Financial Officer Michael Dastugue will leave the company Friday in the wake of a broader shakeup of the department store operator’s business. The company said...
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JCPenney Names Ken Hannah As New CFO
PLANO (AP) - JCPenney Co. said Thursday that it hired a new chief financial officer as it tries to reshape its business. Ken Hannah will take over as CFO on Monday. The company’s former chief financial...
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J.C. Penney Reports Loss And Plummeting Sales In 1Q
NEW YORK (AP) - Turns out, American shoppers don’t prefer predictable pricing over blockbuster bargains — at least not yet. Plano-based J.C. Penney on Tuesday reported a larger-than-expected...
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Group Boycotts JCPenney For Father’s Day Ad Featuring Gay Couple
File photo of the front of a JCPenney. (credit: Getty Images) PLANO (CBSDFW.COM) – JCPenney is on the defensive again as a result of a new Father’s Day ad featuring a real-life gay couple playing with...
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JCPenney Resurrects ‘Sale’ In Advertising
NEW YORK (AP) - JCPenney Co.’s new CEO Ron Johnson told analysts Tuesday the department store chain is resurrecting the word “sale” in promoting its monthlong events, the latest change it’s making to...
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JCPenney Names New Executives
NEW YORK (AP) - JCPenney Co. has announced the promotion and addition of several executives. It’s the latest effort by the Plano-based company to boost leadership team as it undergoes a transformation....
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J.C. Penney Says Company President Is Leaving
PLANO (AP) – J.C. Penney Co. says Michael Francis, the former Target Corp. executive brought in to redefine the brand, is leaving the company. The department store operator gave no reason for his...
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JCPenney’s Stock Price Tumbles
NEW YORK (AP) - JCPenney’s shares are tumbling a day after the department store chain announced the sudden departure of Michael Francis, a top Target executive brought in last October to help redefine...
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JC Penney Lays Off 350 Workers At Plano Headquarters
NEW YORK (AP) – J.C. Penney Co. says it is laying off 350 more workers at its headquarters in Plano, as the department store struggles to transform its business under a new CEO. The cuts, announced...
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JCPenney Opening Joe Fresh Store-In-Stores
NEW YORK (AP) - JCPenney next spring will begin offering Canadian fast-fashion label Joe Fresh. It’s part of Plano-based JCPenney’s plan to introduce more store-within-stores at its department store...
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