Press Releases

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...

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...

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...

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...

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...

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...

PLANO, Texas, March 23, 2012 — J. C. Penney Company, Inc. (NYSE:JCP) announced today that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.20 per share. The dividend is payable May 1, 2012, to Company stockholders of record at the close of business on April 10, 2012. For further information, contact: Investor Relations Kristin Hays and Angelika Torres; (972) 431-5500 jcpinvestorrelations@jcpenney.com Media Relations Darcie Brossart and...

PLANO, Texas (March 12, 2012) – As it transforms its business to become America's favorite store, J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) today announced the promotion of a number of current executives and the appointment of several highly respected retail veterans who will be at the forefront of redefining the jcpenney brand and shopping experience. "As we fundamentally re-imagine every aspect of our business, we're tapping into the best internal and external talent in the...

With More than Two Decades of Experience in Developing Strategies for Top Retailers, Miller Will Bring New Attractions and Services to jcpenney Stores PLANO, Texas, March 2, 2012 – J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) today announced that Laurie Beja Miller has been named executive vice president, The Square and will lead the Company's efforts to execute its new center core strategy that will serve as a gathering place with ongoing attractions and services. In taking this...

J. C. PENNEY COMPANY, INC. REPORTS 2011 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS Fourth Quarter and 2011 Highlights Fourth quarter results consistent with previously reported guidance Ended year with cash and cash equivalents of approximately $1.5 billion Unveiled long-term financial outlook and transformational plans to become America's favorite store Entered into strategic alliance with Martha Stewart Living Omnimedia, Inc. and accelerated the acquisition of Liz Claiborne®...

PLANO, Texas, Feb. 16, 2012 -- J. C. Penney Company, Inc. (NYSE: JCP) announced today that it will release the Company's fourth quarter and full-year 2011 financial results on Friday, Feb. 24, 2012, at approximately 8:00 a.m. ET. Following the release, jcpenney will publish pre-recorded remarks to provide further commentary on the Company's financial results. These remarks will be available via telephone and webcast replay beginning at approximately 8:30 a.m. ET. To access the pre-recorded...

PLANO, TX, Jan. 26, 2012 – At the second day of its launch event in New York City this morning, J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) revealed financial plans to generate profitable earnings growth and long-term shareholder value as the Company transforms itself into America's favorite store. Following on CEO Ron Johnson's and President Michael Francis' presentation titled "In Praise of Fresh Air," Mike Kramer, the Company's chief operating officer, outlined the Company's...

PLANO, TX, Jan. 25, 2012 – At a launch event in New York City this morning, J. C. Penney Company, Inc. ("jcpenney") (NYSE:JCP) revealed its plans to become America's favorite store. In a presentation titled "In Praise of Fresh Air," Ron Johnson, the Company's chief executive officer, and Michael Francis, its president, detailed the initiatives that will transform the jcpenney shopping experience by fundamentally re-imagining every aspect of the Company's business and boldly pursuing...

PLANO, Texas – Jan. 25, 2012 – America's favorite talk-show host and one-time former jcpenney associate, Ellen DeGeneres, is partnering with jcpenney to help usher in a new era for the retailer. The exclusive partnership was announced today as part of the Company's brand unveiling in New York City, where it laid out its vision to revolutionize the way people shop and become America's favorite store. "Ellen DeGeneres is one of the most fun and vibrant people in entertainment...

PLANO, TX and NEW YORK, NY– Jan. 25, 2012 – Leading fashion designer Nanette Lepore, who is known for her flirty, feminine silhouettes, will translate her runway looks to her first teen-focused line called "l'amour nanette lepore" exclusively for jcpenney. Inspired by her teenage daughter, l'amour nanette lepore is reminiscent of the American designer's signature style with a youthful twist. The l'amour nanette lepore brand will debut as its own distinct shop beginning February...

PLANO, TX, Jan. 18, 2012 – J. C. Penney Company, Inc. ("jcpenney") (NYSE: JCP) today announced that Kristen E. Blum has been named executive vice president and chief technology officer, effective Jan. 23, 2012. With more than 25 years of experience at leading consumer goods and retail companies, including PepsiCo, Abercrombie & Fitch and Apple, Inc., Ms. Blum brings exceptional experience and expertise in business enterprise and information technology solutions to jcpenney. Ms. Blum...

Plano, Texas and New York, Dec. 7, 2011 – J. C. Penney Company, Inc. (NYSE: JCP) ("J. C. Penney") and Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) ("MSLO") today announced they have entered into a strategic alliance and will join forces to create a unique and comprehensive retail experience featuring Martha Stewart products, know-how and advice. Beginning in February 2013, customers will be able to visit distinct Martha Stewart retail stores inside the majority of jcpenney...