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j.c. penney Articles

Sam’s Club Will Lay Off 2% Of Its Workers Sam’s Club Will Lay Off 2% Of Its Workers
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In its largest wave of job cuts in four years, Wal-Mart Stores Inc announced Friday that it would be cutting 2 percent (2,300 jobs) of its workforce at its Sam’s Club retail warehouse chain; Sam’s Club has an estimated 116,000 …

Penney Store Closings of 33 Locations Will Cut 2,000 Jobs Penney Store Closings of 33 Locations Will Cut 2,000 Jobs

On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive Mike Ullman, the clothing company chain has experienced a …

J.C. Penney Announces The Closing of 33 Stores Nationwide, Cuts 2,000 Jobs J.C. Penney Announces The Closing of 33 Stores Nationwide, Cuts 2,000 Jobs
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On Wednesday, Jan. 15 the J.C. Penney Company, Inc. announced that it would be closing a total of 33 stores across the United States. In a brief press release earlier today, the ailing retail chain stated that the executive order …

New J.C. Penney Logo Spotted in Ads and Mailers New J.C. Penney Logo Spotted in Ads and Mailers

J.C. Penney has had a rough year for its brand. When former Apple executive Ron Johnson took over as the company’s CEO, he transformed the company, eschewing established department store pricing schemes such as coupons and constant sales in favor …

J.C. Penney Apology Ad Asks Customers to Come Back J.C. Penney Apology Ad Asks Customers to Come Back

It’s no secret that J.C. Penney has been losing customers over the past year. The company hired Apple exec Ron Johnson as CEO and began turning the department store pricing model on its head. Instead of setting high prices with …

J.C. Penney: $1.75B Loan Taken From Goldman Sachs J.C. Penney: $1.75B Loan Taken From Goldman Sachs
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In early April, J.C. Penny CEO Ron Johnson stepped down following over one year of dismal financial results at the company. Johnson had attempted to turn the department store business on its head, eschewing sales and coupons in favor of …

J.C. Penney: $850 Million Borrowed to Shore Up Inventory J.C. Penney: $850 Million Borrowed to Shore Up Inventory

J.C. Penney today announced that it has borrowed $850 million from a revolving credit fund of $1.85 billion. The company stated that the money will be used to ensure the company’s liquidity and replenish inventory levels. “Earlier this year, we …

Fake J.C. Penney Prices Are No More, Store Says Fake J.C. Penney Prices Are No More, Store Says
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It’s a rather sneaky way of doing business, but getting into the heads of customers and making them think they’ve gotten a better deal than they actually have is something retailers have been doing for decades. Rather than putting a …