Latest JC Penney Co Inc News

Retailers' results show sharp divide between losers, winners

Aug. 21, 2019 4:55 PM EDT

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...

Target thrives in intense retail environment

Aug. 21, 2019 8:42 AM EDT

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure...

Department stores make room for used fashion

Aug. 20, 2019 4:02 AM EDT

NEW YORK (AP) — Out with the new and in with the old. As department stores watch their customers flock to second-hand stores, some are trying to bring them back by partnering with online resale sites. Last week, J.C. Penney and Macy's announced a pilot program to set aside sections inside a few dozen of...

JCPenney halves losses, will begin selling used clothing

Aug. 15, 2019 12:06 PM EDT

Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales. Retailers have been searching for ways to get people back into its stores in the decade since the global economic downturn altered...