J.C. Penney surprises investors with improved results
J.C. Penney surprised investors Thursday as it sharply cut its losses and reported its third consecutive quarter of sales increases.
The company also said that CEO Mike Ullman is recovering from a “surgical procedure” but is expected to be back soon. Ullman, 67, wasn’t on the conference call with analysts.
The Plano-based retailer reported a second-quarter sales increase of 6 percent as part of its critical turnaround this year. The recent sales gains are welcome after Penney lost one-fourth of its business in 2012 and 2013 under a failed attempt to reinvent the department store by former... read more
- 18:39 Mylar balloons in power lines trigger outages in Gilbert
- 18:37 Coaches, players, writers reflect on impact coach Jesse Parker left
- 18:37 D-Backs Game Day: No J.D. Martinez or Paul Goldschmidt in lineup vs...
- 17:30 Democrats herald agreement on sweeping Russia sanctions bill
- 17:05 Cardinals Training Day: Carson Palmer, Larry Fitzgerald won't play...
- 17:00 N.Y. pays $10,440 to restore FDR's Packard
- 16:47 Trump's new message man deletes inconvenient tweets
- 16:08 Funeral services for Payson-area flash-flood victims begin Monday
- 15:58 Chip Ganassi would love Kyle Larson to run the 500, Larson has some...
- 13:43 Protesting a coffee house over gentrification fears is silly — and...