JCPenney, the 121-year-old department store, is trying to revive its business by focusing on working families – who it sees as its core customers – as the current economy weighs on Americans’ wallets ...
Another round of layoffs is coming to Catalyst Brands LLC, the parent company of JCPenney. Catalyst Brands was formed 2025 after the merger of JCPenney and the once-bankrupt Spark Group. Brands under ...
PLANO, Texas — The parent company of North Texas-based JCPenney confirmed it’s laying off 5% of its corporate staff. A spokesperson for Catalyst Brands, the company formed after Plano-based JCPenney ...
(WJW) – JCPenney has announced plans to close even more stores nationwide as it continues to struggle with “rapidly changing market conditions.” According to FOX Business, a JCPenney company ...
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has entered into a restructuring support agreement (the “RSA”) with lenders holding approximately 70% of ...
An activist shareholder agitated for changes that sent retailer into a spiral. William Ackman, chief executive officer of Pershing Square Capital Group LLC and Canadian Pacific Railway Ltd. board ...
NEW YORK (AP) - JCPenney Co. and its largest shareholder, William Ackman, have made a deal that sets terms for allowing him to unload his stake in the company. The agreement, filed with the Securities ...
WWD reported in January that, according to Coresight Research, a research and advisory firm specializing in retail and ...
PLANO, Texas--(BUSINESS WIRE)-- J. C. Penney Company, Inc. (NYSE:JCP) today launched “New look. New year. Who knew!™,” an innovative, integrated marketing campaign for the 2010 Back-to-School season.
New York (CNN) -- JCPenney's fledgling parent company, Catalyst Brands, is undergoing the second round of layoffs of its corporate employees as part of an ongoing review of the newly formed business.
The new JCPenney sounds so appealing on paper. Earlier this year, the retailer announced that “fake prices”—inflated big time to make markdowns seem more tempting—would disappear, to be replaced with ...
J.C. Penney leads a list of seven prominent company apologies May 2, 2013— -- intro: When someone is wronged, they like to hear the wrongdoer express contrition, whether it's a significant other ...
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