J.C Penney news and archive

Want to sell more online? Speed is more important than style

True or false: consumers that love a certain fashion brand will buy items from said brand online, again and again. False, according to a new survey conducted by WGSN. After surveying 15,000 women aged 16 to 39 in the US and UK, the global fashion trend forecaster found out that brand love and purchase frequency online are not correlated. First,...

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J.C. Penney drops 14 percent after posting weak Q3

Shares at J.C. Penney shares fell sharply on Friday after the retailer warned its third-quarter loss would be substantially worse than expected by the market. The key reason for such a weak quarterly performance lies in heavy discounting on its apparel lines. Based on recent performance, J.C. Penney now expects a loss of between 40 cents to 45...

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J.C. Penney names new CFO

J.C. Penney has named Jeffrey Davis their new chief financial officer. He will replace Edward Record who resigned earlier this month. Andrew Dexler has been serving as CFO in the interim. Prior to J.C. Penney, Davis was CFO of Darden Restaurants, which owns and operates restaurants such as Olive Garden, LongHorn Steakhouse, Seasons 52 and The...

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People

J.C Penney announces executive changes

J. C. Penney Company has taken steps to enhance its organisational structure and promote collaboration in support of the company's leading private brand portfolio. After 39 years with the company, Ken Mangone, EVP, product development, design and sourcing, is retiring effective April 1, 2016. Val Harris; former vice president of product...

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J.C Penney announces executive changes

J. C. Penney Company has taken steps to enhance its organisational structure and promote collaboration in support of the company's leading private brand portfolio. After 39 years with the company, Ken Mangone, EVP, product development, design and sourcing, is retiring effective April 1, 2016. Val Harris; former vice president of product...

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Apparel

JC Penney draws almost 46 percent of credit line

Department store chain JC Penney currently has both investors and suppliers worried. The company announced on Monday that it would draw 850 million dollars (almost 46 percent) from its revolving credit line of 1.85 billion dollars. Drawing the funds "provides more than its current funding needs to ensure our continued liquidity," said CFO Ken...

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Apparel

Jcpenney adds new designers

American department store Jcpenney has announced its new fashion line-up for spring, which includes new designer collaborations from Georgina Chapman of Marchesa and William Rast. One of the highly anticipated collections is Pearl by Georgina Chapman of Marchesa, which captures the glamorous and elegant style of the red carpet label but at...

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