JCPenney

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'1M Anti-Gay Moms' Protest Ellen's Hiring by JC Penney

Group blasts chain's new spokeswoman

(Newser) - A group calling itself "One Million Moms" isn't happy about JC Penney's new spokeswoman, openly gay talk-show host Ellen DeGeneres. "Funny that JC Penney thinks hiring an open homosexual spokesperson will help their business when most of their customers are traditional families,” the group says.... More »

JC Penney's New Plan: an End to All Those Sales

...because every day will be a sale!

(Newser) - After attempting to woo bargain-hunters with 590 sales last year, JC Penney is officially doing away with them. But penny pinchers don't need to fret. The struggling chain's plan is to essentially make every day a sale by marking down all of its merchandise by 40% or more—... More »

JC Penney Yanks 'Too Pretty to Do Homework' T-Shirt

Sexist shirt pulled after online outcry

(Newser) - Credit the power of the Internet. An online outcry convinced JC Penney to stop selling a T-shirt for girls ages 7-10 emblazoned with the slogan: "I'm too pretty to do homework so my brother has to do it for me." The chain pulled the sexist shirt and... More »

JCPenney Opens Facebook Store

People can go shopping without leaving the site

(Newser) - JCPenney has achieved a watershed in online retail: It's opened a full-fledged store within Facebook, Consumerist reports. The store's application looks more or less like a conventional retail website, except with the characteristic social networking features: users can "like" an item and share product pages and reviews with friends... More »

JC Penney Ditching 'Big Book' Catalog

Oversize book was a relic in Internet age

(Newser) - Retailer JC Penney is discontinuing its Big Book—the 1,000-page catalog as big as a telephone book—as customers increasingly buy from jcp.com. The Penney Big Book has long been a cultural fixture for many, but younger customers aren't following suit. "It was an outdated way of... More »

Earnings Drive Dow Up 73

Dow Up 2.5% from week-ago close

(Newser) - Stocks finished off their intraday highs but with solid gains on strong earnings reports from Disney, Abercrombie & Fitch, and JCPenney, the Wall Street Journal reports.
  • The Dow gained 73.00 points to close at 10,270.47.
  • The Nasdaq added 18.86, settling at 2,167.88.
  • The S&
... More »

'Dowdy' JCPenney Tries to Take Manhattan

Penney's Brings Size 16 Back to NYC

(Newser) - JCPenney recently invaded Manhattan, “and the most frequent question on New York’s collective lips seems to be: Why?” writes Cintra Wilson in the Times. “Why would this dowdy Middle American entity waddle into Midtown in its big old shorts and flip-flops without even bothering to update its... More »

Obama CIO Stole Shirts From JC Penney

Kundra comes across as 'petty thief with bad taste in clothes'

(Newser) - Days ago, it emerged that President Obama’s Chief Information Officer once pleaded guilty to theft; now the Business Insider comments on what Vivek Kundra stole: $134 worth of JC Penney shirts. “At an average of $33.50 a pop, they weren't even nice shirts, even in 1996 dollars”... More »

No Christmas Miracle for Retailers

Even luxury sector sales in free fall

(Newser) - It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same months last year. Luxury goods,... More »

Cash Makes a Comeback

But cash isn't king for retailers, who'll likely see bigger drop in sales

(Newser) - Americans are reverting to cash for purchases in increasing numbers, according to top retailers Wal-Mart, Target and JC Penney. The shift away from credit is expected to further reduce spending by consumers—who will be limited to cash-on-hand purchases—not just during the holiday season, but during what could be... More »

Serial Thieves Swipe $2.5M in JCPenney Gold

As price climbs, all that glitters is gone in series of Calif. heists

(Newser) - California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops... More »

Stocks Fall on Consumer Data

Weekly losses for Dow and S&P

(Newser) - Stocks erased morning gains on poor consumer spending news to wrap up today's session in negative territory. The Dow and the S&P 500 racked up weekly losses of 1.2% and 1.1%, Bloomberg reports. The Dow fell 86.38 today to close at 12,216.08. The Nasdaq... More »

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating... More »

'Retail Renting' or Stealing? Stores Crack Down

Shoppers who repeatedly buy and return merchandise face tougher policies

(Newser) - It’s called “wardrobing” or “retail renting,” when a consumer buys, uses, and then returns merchandise, and the National Retail Federation says it’s growing more popular with shoppers, the Boston Globe reports. It's also becoming a bigger headache for merchants as the economy tightens and businesses... More »

GE Money Loses Data on 650,000 Credit Card Holders

Missing customer info raises data breach fears

(Newser) - GE Money has lost a computer tape with the personal information of up to 650,000 customers of JC Penney and other retailers, reports the AP. The tape went missing in the warehouse of a data storage company. There's "no indication of theft" and none of the data has... More »

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow... More »

Black Friday Getting Longer

Stores open earlier to boost profits, attract headlines

(Newser) - Stores will open earlier than ever on Black Friday, with midnight openings becoming more common, the AP reports. Wal-Mart, in fact, began its sales today. "You sell two sweaters and you've broken even,” said one analyst. But Gap chief Glenn Murphy will be out with the hordes, then... More »

JCPenney Dominates Online

(Newser) - The identity of one of the web's largest and most successful retailers may come as a surprise. It's JCPenney, Business Week reports, and it attracted 926,000 paying customers to its website in the first quarter—a number that ranks the 105-year-old company with web giants like eBay, Amazon, and... More »

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