J. C. Penney

In yet another sign of its deep slump, J.C. Penney said on Wednesday that it would close 33 stores across the country and shed about 2,000 jobs. The company said in a statement that the closings and resulting job cuts would save about $65 million a year. One of the oldest retailers in the nation, J.C. Penney has undergone considerable management and investment turmoil in the last few years. It fired one chief executive, Ron Johnson, and then brought back his predecessor, Myron E. Ullman III. 

The hedge fund manager William A. Ackman moved on Monday to sell his roughly 18 percent stake in J. C. Penney, nearly two weeks after he resigned from the board amid an unusual public battle with his fellow directors. Penney filed a prospectus with regulators giving notice that Mr. Ackman's firm, Pershing Square Capital Management, planned to sell its 39.1 million shares. The retailer, which will not receive any proceeds from the sale, didn't list an expected selling price.

PLANO, Texas — J. C. Penney has promoted Brynn Evanson to EVP of human resources. Evanson will lead all HR functions across stores, supply chain and the home office, including team member relations, recruiting, learning and development, compensation and...

The struggling department store chain this week will begin adding back some of the hundreds of sales it ditched last year in hopes of luring shoppers who were turned off when the discounts disappeared, CEO Ron Johnson told The Associated Press. Penney also plans to add price tags or signs for more than half of its merchandise to show consumers how much they're saving by shopping at the chain — a strategy used by a few other retailers. For store-branded items such as Arizona, Penney will show comparison prices from competitors.

I've been an enthusiastic and vocal supporter of Penney's "no sale" strategy for almost a year now, sticking with the brand even as its marketing fell on deaf ears with consumers and investors. The stock was up last month and its website was reportedly a favorite visit during the holidays, but there's every reason to expect it will report dismal fourth quarter results (expertly obfuscated with stats on eyeballs, awareness and whatever). I now believe the company is doomed. We should stop holding our collective breath waiting for success, and start looking for lessons to learn from its failure.

(GLOBE NEWSWIRE) -- Fossil, Inc. (the "Company") announced the appointment of Thomas M. Nealon to its Board of Directors effective today. With the appointment, the Company's Board of Directors consists of twelve members, including ten independent directors, one former member of senior management and one current member of senior management. Kosta Kartsotis, Chairman and Chief Executive Officer of the Company said, "We are tremendously pleased to have Tom join our Board. As we continue to expand our business globally, Tom's significant experience in corporate strategy and information technology in the retail industry will be very beneficial to us." Mr.

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