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Retailer + Cowboys Linebacker + YMCA = Thankful Children
DALLAS (CBS11) – They filled their bags with gifts for themselves and others, and their hearts with plenty of holiday cheer. For the fourth year in a row JCPenney teamed up with the YMCA for their...
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JC Penney Outlook Spooks Wall Street
PLANO (CBSDFW.COM/AP) — J.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue. The company’s outlook for the year is short of most...
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JC Penney Shares Plunge After CEO Ellison Departs For Lowe’s
MOORESVILLE, N.C. (CBSDFW.COM/AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at...
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Why Penney, Macy’s, Gap, Other Retailers May Have To Close More Stores
NEW YORK (CBSNEWS.COM) – Shares of JCPenney slumped more than 6 percent on Tuesday after the surprise departure of CEO Marvin Ellison raised fresh concerns about the struggling 110-year-old retailer’s...
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J.C. Penney To Open 500 Baby Shops Amid Babies R Us Demise
NEW YORK (CBSDFW.COM/AP) — J.C. Penney is expanding the baby products it sells at stores beyond clothing as the retailer joins the many other chains trying to claim some of the Babies R Us sales up for...
View ArticleJCPenney Cuts Outlook After Losses Bigger Than Expected
PLANO (AP) – JCPenney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year...
View ArticleWalmart Sees Sales Rise At Stores And Online, Raises Outlook
NEW YORK (AP) — Walmart raised its financial outlook for the year after beating Wall Street’s expectations for the quarter and seeing the strongest growth in more than a decade in sales at established...
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JCPenney Hires New Chief Executive Officer
PLANO, Texas (CBSDFW.COM) – Plano-based JCPenney announced Tuesday the appointment of Jill Soltau as Chief Executive Officer and a member of the Board of Directors, effective Oct. 15, 2018. She...
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JCPenney Stock Falls Below $1 For First Time
NEW YORK (CBSDFW.COM/CNN BUSINESS) – As the Dow posted its biggest daily point gain ever (1,086 points), JCPenney’s stock fell below $1 for the first time since it started trading in 1929. The...
View ArticleInvestors Caught Off Guard By Weak Holiday Sales At Department Stores
NEW YORK (CBSDFW.COM/AP) — Unemployment hasn’t been so low in years, wages are rising, consumer confidence is high and gasoline is cheap, all creating high expectations for department stores this...
View ArticleJC Penney Continues To Struggle; Posting First Quarter Losses
PLANO (CBSDFW.COM/AP) — Losses are widening at J.C. Penney and sales are falling after the retailer shed its furniture and major appliance businesses. Same store sales tumbled 5.5% and shares fell by...
View ArticleLow Trading Price Could Get JC Penney Kicked Off New York Stock Exchange
NEW YORK (CBSDFW.COM/AP) — Plano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long. The department store chain,...
View ArticleAs JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate Stores
NEW YORK (CBSDFW.COM/AP) — Troubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses. While the third quarter news is good the retailer still...
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Thomas Jefferson High School Seniors Get Holiday Surprise From Plano-Based JC...
DALLAS (CBSDFW.COM) – The surprises just keep coming for students at Dallas’s Thomas Jefferson High School, but this time it’s a good one. JCPenney surprised Thomas Jefferson’s senior class with $100...
View ArticleJCPenney Furloughs Most Workers, Extends Store Closures Due To Coronavirus
PLANO, Texas (CBSDFW.COM) – The coronavirus crisis continues to impact the economy, with retailer JCPenney announcing Tuesday it will extend the temporary closure of its stores and temporarily furlough...
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Plano-Based JCPenney Files For Bankruptcy
PLANO, Texas (CBSDFW.COM/AP) – Plano-based JCPenney filed for Chapter 11 bankruptcy protection on Friday, becoming the latest retail casualty of the coronavirus pandemic. As part of its reorganization,...
View ArticleJCPenney Reopens 150 Additional Stores Across US After Closing Due To COVID-19
PLANO, Texas (CBSDFW.COM) – JCPenney has reopened its doors at 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the coronavirus pandemic....
View ArticleJCPenney Shrinking: Closing 154 Stores Next Week Including 4 In North Texas
PLANO, Texas (CBSDFW.COM/AP) – Plano-based J.C. Penney said Thursday it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to shrink its footprint. Four...
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JCPenney Losses More Than Tripled Ahead Of Bankruptcy Filing
PLANO (CBSDFW.COM/CNN) — Sales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing, as stores remained closed during the COVID-19 pandemic. The department...
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3,000 School Uniforms Donated And Delivered To Dallas ISD Students In Need
DALLAS (CBSDFW.COM) – Thousands of Dallas ISD students are getting free, new school uniforms. They’re required for elementary and middle schoolers and parents say purchasing them adds up, especially...
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