JCPenney draws $850 million from revolving credit line


JCPenney will draw $850 million of its $1.85 billion revolving credit facility, and will look to raise more capital.

Guest editorial: Mr. Selfridge and JCPenney

Jeremy Piven as Mr Selfridge in PBS's miniseries

Jack Abelson compares two retail mavericks, one successful (Harry Gordon Selfridge) and one recently out of work (Ron Johnson).

Guest Editorial: The new old JCPenney

Fred Rosenfeld

Fred Rosenfeld: When Ron Johnson took over as CEO of JCPenney, he laid off thousands. And then Johnson fired his customers.

JCPenney fires Johnson, rehires Ullman

Myron Ullman

JCPenney’s board of directors has let CEO Ron Johnson go and rehired former chief executive Myron “Mike” Ullman.

JCPenney CFO quashes resignation rumors


JCPenney CFO Ken Hannah denied rumors that he and CEO Ron Johnson may leave the company.

Joe Fresh to launch shop-in-shops in 700 JCPenney stores

Joe Fresh

Joe Fresh, the Canadian apparel chain launched by Club Monaco founder Joe Mimram, will open nearly 700 shop-in-shops at JCPenney stores.

JCPenney to lay off 350 in “final phase” of restructuring


JCPenney eliminated 350 more positions at its headquarters today as it released details of what it said was the “final phase” of the restructuring that began in April.

Francis out at JCPenney after less than a year

MIchael Francis

There’s more drama at JCPenney headquarters as the discount retailer announced the abrupt departure of president Michael Francis.

JCPenney slides to Q1 loss in tough quarter

JCPenney CEO Ron Johnson

The transformation of JCPenney has hit early trouble after the company reported big losses for the first quarter.

JCPenney announces executive appointments


JCPenney has made a series of senior appointments across its logistics, store design and communications departments.