In Other News: Seven Retailers Searching for CEOs

HSN's Mindy Grossman is being courted by retailers.

American Apparel, American Eagle Outfitters, Bon-Ton, Dollar General, Gordmans, JCPenney and Target are all in various stages of CEO searches.

Judge Rules JCP Interfered with Macy’s in Martha Stewart Deal

Macy’s has won its case against JCPenney over the Martha Stewart-branded home goods collections. In his decision, Justice Jeffrey K. Oing ruled that JCPenney interfered with the agreement Macy’s had with Martha Stewart Living Omnimedia. Justice Oing ridiculed the behavior of JCPenney’s executives, including former CEO Ron Johnson, writing, “At best one can only describe […]

Second-Half Will be Real Test for JCPenney

JCPenney logo 2013

After JCPenney reported its first quarterly rise in sales since 2011, analysts say the second half of fiscal 2014 will be the real test.

JCPenney Reports First Sales Gain in Three Years

JCPenney logo 2013

JCPenney reports its first quarterly rise in total sales since May 2011, despite widening overall losses.

JCPenney Shares Climb on Q4 Earnings

JCPenney logo 2013

JCPenney shares climbed yesterday as it revealed its first quarterly profit since July 2011.

JCPenney CFO Hannah to Depart

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JCPenney has appointed Ed Record as its new CFO and EVP, replacing Ken Hannah.

JCPenney Posts Q4 Same-Store Sales Growth

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JCPenney has recorded its first quarterly comparable store sales increase since the second quarter of 2011.

JCPenney Amends Shareholder Rights Plan

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JCPenney has lowered the threshold and extended the expiration date of its shareholder rights plan to protect its tax benefits.

JCPenney Closing 33 Stores

JCPenney logo 2013

JCPenney will close 33 stores in 20 states by May, a move the retailer says will save it $65 million in 2014.

Macy’s and Martha Stewart Settle Suit

Macy's

Macy’s has settled its breach-of-contract suit with Martha Stewart and will continue the partnership.