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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PLANO, Texas (Nov. 1, 2012) – jcpenney [NYSE: JCP] is adding three new designers to its 2012 holiday lineup with limited-engagement collections from LULU by Lulu Guinness™, Jenny Packham Boudoir® and Double Happiness Vivienne Tam™. Each designer infused her unique design aesthetic and personality into a line of handbags, fashion accessories and exciting gift items that are now available exclusively at most jcpenney stores and on jcp.com through the holiday season.
"We...
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PLANO, Texas (November 1, 2012) – As part of its charitable giving program jcp cares, jcpenney will be supporting Share Our Strength, an organization helping to end childhood hunger in America. From Nov. 1-22, jcpenney customers can join
jcpenney in its support by rounding up their store purchases to the nearest whole dollar to support Share Our Strength's No Kid Hungry® campaign.
"More than 16 million kids in America live in households that struggle to put food on the table,"...
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PLANO, Texas (Oct. 23, 2012) – With a hectic holiday season quickly approaching, jcp portraits at jcpenney is taking the stress out of capturing the perfect family photo by offering a free portrait throughout the month of November.
Located in approximately 530 jcpenney stores, jcp portraits studios free offer for your family includes sitting fees, a traditional printed 8x10 portrait as well as a digital copy of the same pose to share with friends and family. In addition, at the time of...
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PLANO, Texas (September 24, 2012) – As part of its charitable giving program, jcp cares, jcpenney is supporting The Breast Cancer Research Foundation, an organization committed to funding scientific research to achieve prevention and a cure for breast cancer in our lifetime. This October, in honor of breast cancer awareness month, jcpenney customers can round up their store purchases to the nearest whole dollar and donate the difference to The Breast Cancer Research Foundation.
jcp...
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PLANO, Texas (Sept. 13, 2012) — J. C. Penney Company, Inc. (NYSE: JCP) announced today that in conjunction with an open house tour of the shops at jcpenney, the company will webcast a question and answer session with Ron Johnson, chief executive officer of jcpenney.
The question and answer session will begin at approximately 2:45 p.m. ET and will be available via live webcast on jcpenney's Investor Relations page at http://ir.jcpenney.com. Replays of the webcast will be available for...
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PLANO, Texas (August 30, 2012) — As part of its charitable giving program, jcp cares, jcpenney is supporting Teach For America, an organization committed to developing teachers and leaders to make America's schools great. Throughout the month of September, jcpenney customers can round up their store purchases to the nearest whole dollar and donate the difference to Teach For America.
Teach For America works in partnership with communities to expand educational opportunities for...
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PLANO, TX (Aug. 28, 2012) – jcpenney CEO Ron Johnson gives an early look inside the latest brand Shops emerging Sept. 1 in nearly 700 stores nationwide. The Company will debut brand Shops for Liz Claiborne®, IZOD® and jcp™ – a new jcpenney exclusive brand dedicated to high-quality fashion basics. These new fall shops will add to its existing portfolio of Shops inside jcpenney, which include Levi's®, The Original Arizona Jean Co., i jeans by Buffalo™, MNG by...
PLANO, Texas, Aug. 10, 2012 – J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal second quarter ended July 28, 2012. For the quarter, jcpenney reported an adjusted net loss of $81 million or $0.37 per share, excluding restructuring and management transition charges, inventory transition markdowns, gain on the redemption of the Simon REIT units, net of fees and non-cash qualified pension expense. On a GAAP basis, the Company reported a net loss of $147...
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ATLANTA (Aug. 1, 2012) – Boys & Girls Clubs of America is launching a national campaign to make sure kids have all the tools they need to do well in school. An exciting online supply drive and partner promotions will generate needed funds, and school supplies for thousands of Boys & Girls Club youth. A dynamic advocacy event will raise awareness about all the things kids need for academic success, including quality after-school programs to support and reinforce what they learn in...
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PLANO, TX (July 31, 2012) – Before classes go into session, jcpenney [NYSE: JCP] is helping students start the school year in style with an affordable array of this season's must-have fashion items topped with free haircuts for kids at all jcp salons in August. The Company will debut its highly anticipated Shops concept for Levi's®, i jeans by Buffalo™ and The Original Arizona Jean Co.®, offering back-to-school shoppers the best collection of denim brands in a dynamic new...
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CHEVY CHASE, Md. (July 26, 2012) – National 4-H Council is pleased to announce that jcpenney is continuing its support of 4-H programming with 'jcp cares' - a new charitable giving program that invites customers to round up their purchases to the nearest whole dollar and donate the difference. In August, National 4-H Council will be one of two featured charity partners, making it possible for more children to participate in life-enriching afterschool programs in communities across the...
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PLANO, Texas (July 23, 2012) – J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) today announced that Simon Property Group, Inc. (NYSE:SPG) has redeemed two million units of limited partnership interest in Simon's operating partnership subsidiary, Simon Property Group, L.P., from jcpenney for cash consideration of $248 million. Simon Property Group, L.P. is the operating partnership of Simon Property Group, Inc.
"Last year, as we began our journey to transform jcpenney, we determined...
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PLANO, Texas (July 20, 2012) – J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release its second quarter 2012 financial results on Friday, August 10 at approximately 6:00 a.m. ET. Following the release, jcpenney will host a face-to-face meeting in New York City with members of the financial community.
The meeting will be held at Sir Stage 37 in New York City, and will begin at approximately 8:00 a.m. ET, with doors opening at 7:30 a.m. ET. The presentation will be...
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PLANO, Texas, July 18, 2012 – jcpenney today announced a new partnership with Nina Garcia, Fashion Director of Marie Claire magazine, judge of Lifetime's fashion reality competition Project Runway and New York Times best-selling author. Garcia will bring her highly sought-after advice and trend inspiration to jcpenney as the Company's resident Style Voice and fashion collection curator.
"Known for her discerning eye, Nina is a tremendous addition to our team. We look forward to...
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PLANO, Texas (July 10, 2012) – J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) today announced that the restructuring effort it began in April to create a leaner and more simplified operating structure is now fundamentally complete.
"One of the most challenging tasks for any leadership team is to reorganize a company. In April, we began right-sizing our headquarters from a people perspective to align our teams with jcpenney's new business model. The actions taken today mark the...
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PLANO, Texas (July 2, 2012) — As jcpenney sets its sights on becoming America's favorite store, the Company has launched jcp cares, a new charitable giving program. Through jcp cares, jcpenney will support a new cause each month by inviting customers to round up their purchases to the nearest whole dollar and donate the difference to the Company's featured charity partner. jcp cares will kick-off July 1 with jcpenney's support of the USO (United Service Organizations), a nonprofit,...
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PLANO, Texas (June 7, 2012) – As it continues to assemble a world-class leadership team that merges the talents of new and existing leaders, J. C. Penney Company, Inc. (NYSE:JCP) today announced the promotion and addition of several highly accomplished retail veterans to its merchandising, operations and investor relations functions.
"Our sights are set on revolutionizing the way America shops, and having the best leaders in place is instrumental to helping us fully realize this...
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PLANO, Texas, May 15, 2012 — J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal quarter ended April 28, 2012. For the quarter, jcpenney reported an adjusted net loss of $55 million or $0.25 per share,excluding markdowns taken as a result of the Company's continuing efforts ton reduce inventory levels to align with its new strategy, restructuring and management transition charges and non-cash qualified pension expense. On a GAAP basis, the Company...
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PLANO, Texas (May 3, 2012) — J. C. Penney Company, Inc. (NYSE: JCP) today announced that Ken Hannah has been named chief financial officer effective May 7. Hannah brings over 20 years of finance, operations and audit experience from a wide range of leading companies that include General Electric, Boeing and The Home Depot. Hannah will be a member of the Company's executive team and will report to Chief Operating Officer Mike Kramer.
CEO Ron Johnson said, "Ken brings a broad knowledge...
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PLANO, Texas (Apr. 26, 2012) – Key to its vision of becoming America's favorite store, J. C. Penney Company, Inc. (NYSE: JCP) today announced the appointment of several acclaimed industry leaders who join the company as it redefines the jcpenney brand and revolutionizes the retail shopping experience.
Benjamin Fay, 40, has joined the jcpenney team as EVP, real estate, store design and development. Leading the Company's strategic presence in more than 1,100 locations in the U.S. and...
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PLANO, Texas (April 23, 2012) – J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release the Company's first quarter 2012 financial results on Tuesday, May 15 after the market closes at approximately 4:00 p.m. ET. Following the release, jcpenney will host a face-to-face meeting in New York City with members of the financial community.
The jcp leadership team will provide further commentary on the Company's first quarter 2012 financial results, share key learnings...
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PLANO, Texas (April 11, 2012) – J. C. Penney Company, Inc. ("jcpenney") (NYSE: JCP) today announced that Michael Dastugue will be leaving the Company, effective April 13. Chief Operating Officer Michael Kramer will assume the chief financial officer duties, in an interim capacity, while a search for a new CFO is conducted.
Chief Executive Officer Ron Johnson said, "We thank Michael for his many years of service at jcpenney. Over his 20-year career, Michael served in a variety of...
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Transitioning from a Culture of Management to One of Leadership; Begins with Actions to Realign Headquarters Organization
PLANO, Texas (April 5, 2012) – J. C. Penney Company, Inc. ("jcpenney") (NYSE: JCP) today announced that it has begun to dramatically simplify its business model in order to align operations with the changes it is making to become America's favorite store. The Company's new approach to pricing, promotion, merchandising and the customer experience requires a more...
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