JCPenney news stories on Newser

Why JCPenney's No-Coupon Experiment Is a Bust

Evann Gastaldo — Thu, 17 May 2012 13:04:31 CDT

JCPenney’s new plan —stop offering huge markdowns on inflated, “fake prices” in order to offer “fair and square” pricing—sounds good in theory. Prices start at least 40% lower than they had been, with no need for customers to take advantage of sales or coupons to get the lowest price....

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

Rob Quinn — Fri, 03 Feb 2012 03:53:00 CST

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 sales will be lost...

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

Kate Schwartz — Thu, 26 Jan 2012 13:26:44 CST

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—permanently. "Every...

JCPenney Opens Facebook Store

Nick McMaster — Wed, 15 Dec 2010 16:28:19 CST

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 using...

JC Penney Ditching 'Big Book' Catalog

Nick McMaster — Wed, 18 Nov 2009 17:00:00 CST

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 "It was an outdated way of shopping...

Earnings Drive Dow Up 73

Nick McMaster — Fri, 13 Nov 2009 15:15:07 CST

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&P...

Obama CIO Stole Shirts From JC Penney

Matt Cantor — Thu, 19 Mar 2009 08:12:46 CDT

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” Eric Krangel...

Serial Thieves Swipe $2.5M in JCPenney Gold

Rob Quinn — Wed, 14 May 2008 11:17:16 CDT

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...

Stocks Fall on Consumer Data

Nick McMaster — Fri, 28 Mar 2008 15:47:06 CDT

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 fell...