JAMESTOWN, N.D. - During the last hours of the Jamestown Kmart, prices fell to 99 percent as customers hunted over the few shelves that still contained makeup, clothing and miscellaneous odds and ends.
Ron Johnson's tenure at J.C. Penney Co. will long be associated with a 25 percent sales plunge. Lost amid the criticism since his departure last month is the $170 million it cost to install Johnson and his top three executives.
NEW YORK — J.C. Penney Co. is apologizing. The department-store chain plans to air a television commercial this week — in time for Mother's Day — that says it made mistakes and asks former customers to come back.
NEW YORK — There won't be an easy fix for J.C. Penney — if it can be fixed at all. As Mike Ullman takes the reins again less than two years after his departure, he faces a Herculean task to undo the mess left by CEO Ron Johnson, who was ousted Monday.
NEW YORK — J.C. Penney is honing in on its home department as part of a bigger plan to turn its stores into mini-malls of sorts. The struggling department-store chain is unveiling revamped home areas within its stores that feature 20 boutiques that highlight 50 new brands.
NEW YORK — A new TV commercial features a good-looking young woman on a beach vacation lounging next to a good-looking young man. He bemoans the glare on his iPad and she fills him in on the Kindle Paperwhite's sun-friendly screen.
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