• Gross margin improved 540 basis points for the fourth quarter and full year • SG&A savings of $121 million; 210 basis points improvement for the year • Positive free cash flow of $57 million for the year, a $2.8 billion improvement PLANO, Texas – (Feb. 26, 2015) – J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal fourth quarter and full year ended Jan. 31, 2015. Comparable store sales grew 4.4 percent for both the fourth quarter and...
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PLANO, TX – (Feb. 19, 2015) – JCPenney will leverage the biggest night in fashion to kick off its spring campaign by premiering seven commercials during the 87th annual Academy Awards® on Feb. 22. Featuring beautiful fashion sketches brought to life, the commercials will spotlight the Company’s assortment of women’s, men’s and home brands found at JCPenney. For 14 consecutive years, JCPenney has been the official retail sponsor of this star-studded event and has used this glamorous...
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PLANO, TX – (Feb. 11, 2015) – JCPenney today announced that it has introduced a special line of products to celebrate the release of Disney’s “Cinderella,” a live-action feature film inspired by the classic fairy tale. The retailer will also support the collaboration with a fully integrated marketing campaign that includes a dedicated commercial premiering during the Academy Awards®. Drawing inspiration from the new live-action feature film...
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PLANO, Texas – (Feb 10, 2015) – J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release its fourth quarter and full year 2014 financial results on Thursday, February 26 at 4:00 p.m. ET. This will be followed by a live conference call and webcast conducted by Chief Executive Officer Mike Ullman, President and CEO-Designee Marvin Ellison and Chief Financial Officer Ed Record that will begin at 4:30 p.m. ET. To access the conference call, please dial (877)...
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PLANO, TX – (Feb. 10, 2015) – JCPenney announced today the launch of the first-ever product line from Epicurious. Recently re-launched as the first-ever food utility, Epicurious.com offers over 26 million consumers a highly curated recipe database, informative how-to videos, product recommendations and now, its very own product line. Through a unique collaboration with Condé Nast, this new line of Epicurious® cookware is now exclusively available on jcpenney.com and will be...
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PLANO, Texas – (Feb. 5, 2015) – In a move to boldly reinvent 850 salons across the country, JCPenney announced an exclusive collaboration with the editors of InStyle® to launch a modern, cutting-edge salon concept called The Salon by InStyle. The Company will begin its salon transformation by piloting 15 locations this summer before implementing a nationwide rebranding in 2016. The Salon by InStyle concept will deliver a superior approach to professional hair care that resonates...
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PLANO, Texas – (Jan. 6, 2015) – J. C. Penney Company, Inc. (NYSE: JCP) today provided a preliminary update on the Company’s performance for the combined nine-week November and December period. The Company reported comparable store sales growth of 3.7 percent over the same period last year. “Our highest priority over the last year has been to restore profitable sales growth at JCPenney. This holiday season was instrumental in that effort – and our teams...
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