PLANO, Texas (May 21, 2013) — J. C. Penney Company, Inc. (NYSE: JCP) (the "Company"), as co-obligor on the Notes (as defined below), and J. C. Penney Corporation, Inc., a wholly owned subsidiary of the Company ("JCP," and together with the Company, "J. C. Penney"), as issuer of the Notes, announced today early results of JCP's previously announced cash tender offer for its outstanding 7 1/8% Debentures Due 2023 (CUSIP No. 708160 BE5) (the "Notes") and related solicitation for consents to...
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PLANO, Texas, May 16, 2013 -- J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal first quarter ended May 4, 2013. For the quarter, jcpenney reported a net loss of $348 million or $1.58 per share. Excluding restructuring and management transition charges and non-cash primary pension plan expense, adjusted net loss for the quarter was $289 million, or $1.31 per share. A reconciliation of GAAP to non-GAAP financial measures is included in the schedules...
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PLANO, Texas (May 14, 2013) – J. C. Penney Company, Inc. (NYSE: JCP) (the "Company"), as co-obligor on the Notes (as defined below), and J. C. Penney Corporation, Inc., a wholly owned subsidiary of the Company ("JCP"), as issuer of the Notes, announced today that, in connection with the previously announced cash tender offer to purchase any and all of JCP's outstanding 7 1/8% Debentures Due 2023 (CUSIP No. 708160 BE5) (the "Notes") and related solicitation of consents to previously...
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PLANO, Texas (May 7, 2013) — J. C. Penney Company, Inc. (NYSE: JCP) today released preliminary unaudited selected financial information for its fiscal first quarter ended May 4, 2013. The Company is providing this information in connection with its previously announced proposed senior secured term loan financing transaction. Given the Company's fiscal first quarter ended three days ago, the information that follows is preliminary and based upon information available as of today. The...
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ATLANTA (May 1, 2013) – Habitat for Humanity is partnering with jcpenney in the retailer's charitable giving program, jcp cares. jcpenney customers can round up their purchases in May to the nearest whole dollar and donate the difference to support Habitat's affordable housing work in partnership with low-income families.
World-renowned architect and designer Michael Graves will be joining jcpenney in its support of Habitat for Humanity. Graves, a long-standing advocate for the...
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PLANO, Texas (April 30, 2013) — J. C. Penney Company, Inc. (NYSE: JCP) (the "Company"), as co-obligor on the Notes (as defined below), and J. C. Penney Corporation, Inc., a wholly owned subsidiary of the Company ("JCP", and together with the Company, "J. C. Penney"), as issuer of the Notes, announced today the commencement of a cash tender offer by JCP to purchase any and all of JCP's outstanding 7 1/8% Debentures Due 2023 (CUSIP No. 708160 BE5) (the "Notes") and related consent...
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PLANO, Texas (April 29, 2013) – J. C. Penney Company, Inc. (NYSE:JCP) ("the Company") today announced that it has entered into a commitment letter with Goldman Sachs Bank USA under which Goldman Sachs has committed to provide the Company with a five–year $1.75 billion senior secured term loan facility.
Chief Financial Officer Ken Hannah said, "This loan facility is an important component of our strategic plan to strengthen the Company's financial position. Together with our...
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PLANO, TX (April 25, 2013) – jcpenney [NYSE: JCP] will soon be making a bold accessories statement by introducing The Bijoux Bar at jcp, a unique presentation within fine jewelry that features a shining array of fashion jewelry collections from top designers including Kenneth Jay Lane, Kara Ross, Lana Bramlette, Dominique Cohen, Doris Panos, Rodrigo Otazu and Diego Massimo. Taking its inspiration from the French word for jewel, The Bijoux Bar will showcase each designer’s collection on...
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PLANO, Texas (April 23, 2013) – J. C. Penney Company, Inc. (NYSE:JCP) today announced the promotion of Brynn Evanson to executive vice president of human resources, leading all HR functions across stores, supply chain and the home office, including team member relations, recruiting, learning and development, compensation and benefits, and talent operations. Evanson will join the Company's executive board, reporting to Myron E. (Mike) Ullman, III, chief executive officer for...
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PLANO, Texas (April 15, 2013) – J. C. Penney Company, Inc. (NYSE:JCP) today announced plans to enhance the Company's financial flexibility and position. As part of that process, and consistent with its previously stated plans, the Company has drawn $850 million out of its $1.85 billion committed revolving credit facility. Proceeds will be used to fund working capital requirements and capital expenditures, including the replenishment of inventory levels in anticipation of the completion of...
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Plano, Texas, April 8, 2013 – The Board of Directors of J.C. Penney Company, Inc. [NYSE: JCP], today announced that Myron E. (Mike) Ullman, III has rejoined the Company as Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors. Mr. Ullman is a highly accomplished retail industry executive, who served as CEO of jcpenney until late 2011. He succeeds Ron Johnson, who is stepping down and leaving the Company.
Thomas Engibous, Chairman of the...
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FOR IMMEDIATE RELEASE
Media Contacts:
Cheryl M. Blowers, Girls Inc.
cmesser@girlsinc.org,
(212) 509-2000 ext. 237
Kate Coultas, jcpenney
jcpcorpcomm@jcp.com
(972) 431-3400
New York, NY (April 1, 2013) – Girls Inc., the nonprofit organization that inspires all girls to be strong, smart and bold, is teaming up with jcpenney as part of the retailer's charitable giving program, jcp cares. Girls Inc. provides girls from...
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FOR IMMEDIATE RELEASE
Media Contacts:
Sanam Ghanchi, sghanchi@hearst.com, 212-649-2585
New York, NY (March 12, 2013) – This month, Seventeen magazine commits to stopping one of the most difficult problems facing teens today: cyberbullying. Seventeen's Delete Digital Drama multi-platform campaign gives girls the power to eliminate cyberbullying in their lives by simply hitting "delete" when they see a hurtful comment about themselves or anyone else online.
"Cyberbullying can be...
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PLANO, Texas (March 1, 2013) – As part of its charitable giving program, jcp cares, jcpenney is inviting its customers to round up their purchases in March to the nearest whole dollar and donate the difference to benefit Crisis Text Line, a free, 24/7 text message hotline that connects teens in crisis with the support, counseling and resources they need.
"Crisis Text Line will help to reach teens in need using a medium they already trust and use: text messaging," said Miki Woodard,...
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PLANO, Texas, Feb. 27, 2013 – J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal fourth quarter and full year ended February 2, 2013. For the quarter, jcpenney reported a net loss of $552 million or $2.51 per share. Excluding restructuring and management transition charges and non-cash primary pension plan expense, the Company's adjusted net loss for the quarter was $427 million or $1.95 per share.
For the year, jcpenney reported a net loss of $985...
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PLANO, Texas (Feb. 21, 2013) – jcpenney [NYSE: JCP] has teamed up with some of the world's leading designers and brands to bring their styles to more Americans at an affordable price. In addition to the highly anticipated debut of Joe Fresh™ in nearly 700 stores, Pearl by Georgina Chapman of Marchesa™, L'Amour Nanette Lepore™, William Rast®, LULU by Lulu Guinness™ and Duro Olowu for jcp™ will join a growing portfolio of leading brands in stores across the...
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PLANO, Texas (Feb. 12, 2013) – J. C. Penney Company, Inc. ("jcpenney") (NYSE: JCP) announced today that its wholly-owned subsidiary, J. C. Penney Corporation, Inc., has amended its bank credit facility to increase its borrowing capacity to $1.85 billion and to expand the accordion feature of the facility to $400 million. The amendment enhances the company's liquidity and provides additional financial flexibility to support its transformation initiatives. The facility may be used for...
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PLANO, Texas, Feb. 11, 2013 – J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release its fourth quarter 2012 financial results on Wednesday, February 27 at 4:30 p.m. ET, followed by a live conference call and streaming video webcast that will begin at 5:00 p.m. ET.
The conference call and streaming video webcast will be conducted by Chief Executive Officer Ron Johnson and Chief Financial Officer Ken Hannah and include a formal slide presentation followed by a live...
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PLANO, Texas (Feb. 4, 2013) – J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) announced today that it received a letter dated January 29, 2013 from Brown Rudnick LLP claiming to represent holders of more than 50% of the Company's 7.4% Debentures due 2037. The letter purports to be a Notice of Default under the Indenture for these Debentures dated April 1, 1994 between J. C. Penney Company, Inc. and U. S. Bank National Association as trustee. The Company strongly believes the Notice of...
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New York, NY (February 1, 2013) – As part of its charitable giving program, jcp cares, jcpenney is inviting its customers to round up their purchases in February to the nearest whole dollar and donate the difference to benefit Dress for Success, an organization that promotes the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life. Through its dedicated services and...
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PLANO, Texas (January 2, 2013) – As part of its charitable giving program jcp cares, jcpenney is supporting the Y (YMCA), one of the nation's leading non-profits, dedicated to strengthening our communities through youth development, healthy living and social responsibility. Throughout the month of January, jcpenney customers can join jcpenney in its support by rounding up their store purchases to the nearest whole dollar and donating the difference to benefit the Y.
"Since launching...
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PLANO, Texas (Nov. 27, 2012) — jcpenney today announced the launch of its nationwide Holiday Giving Tour. Beginning on #GivingTuesday on Nov. 27, the retailer will embark on a 12-day tour throughout the U.S., carrying out special acts of generosity in a new city each day. From Christmas tree lighting and ice skating to Santas and tobogganing, jcpenney will bring a touch of Christmas cheer to cities across the country through simple, humble acts of generosity that pay homage to classic...
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PLANO, Texas (Nov. 12, 2012) — In the spirit of the season, jcpenney [NYSE: JCP] will be spreading holiday cheer starting with its only sale of the year on Black Friday. For one day only, customers will find additional savings on hundreds of items that will be reduced from the already low prices available at jcpenney and jcp.com. In addition to these amazing deals, customers shopping at jcp stores from Black Friday through Christmas Eve will receive holiday buttons that can be redeemed...
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PLANO, Texas, Nov. 9, 2012 – J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal third quarter ended October 27, 2012. For the quarter, jcpenney reported a net loss of $123 million or $0.56 per share. Excluding the net gain on the sales of non-core assets, restructuring and management transition charges, and non-cash primary pension plan expense, adjusted net loss for the quarter was $203 million or $0.93 per share. A reconciliation of GAAP to non-GAAP...
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