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April 18, 2013 |

Penney gets some reprieve in Martha Stewart case

A New York appeals court judge is allowing J.C. Penney Co. to sell a new line of home goods designed by Martha Stewart while an appeal by Macy's is pending.
3 minute read
March 30, 2012 |

Daily Decision Service Alert: Vol. 21, No. 63 - March 30, 2012

Daily decision alert.
7 minute read
April 15, 2013 |

J.C. Penney draws $850M from revolving credit line

J.C. Penney Co. said it has drawn $850 million from its $1.85 billion revolving credit line, a sign that the flailing department store chain is in a cash crunch after a disastrous turnaround plan launched early last year.
3 minute read
March 05, 2013 |

J.C. Penney falls to three-year low as shareholder said to cut stake

J.C. Penney Co. slid to a three-year low after Vornado Realty Trust, its second-biggest shareholder, sold almost half of its stake in the struggling department-store chain.
2 minute read
September 27, 2013 |

J.C. Penney Sells $932 Million Of Shares Amid Turnaround

Less than a day after J.C. Penney said it was "pleased" with its turnaround, the department-store chain announced a share offering to raise as much as $932 million and lowered its year-end liquidity forecast.
3 minute read
September 05, 2013 |

Report: J.C. Penney Dumps Martha Stewart

J.C. Penney is reportedly dumping the Martha Stewart brand, after sales of the home maven's goods didn't live up to expectations.
1 minute read
May 14, 2013 |

J.C. Penney Rises on Report More Discounting Boosting Sales

J.C. Penney Co. gained in New York trading after analysts at Cleveland Research said deeper promotions this month have increased sales by bringing more shoppers into stores.
2 minute read
August 13, 2012 |

Sales slide sounds warning bells for J.C. Penney

J.C. Penney Co. reported a bigger-than-expected loss and plummeting sales during the second quarter, as its customers remain confused by the new pricing strategy that ditched hundreds of sales in favor of everyday lower prices.
3 minute read
February 28, 2013 |

J.C. Penney's lowest sales in decades show CEO stumbling

J.C. Penney Co. chief executive officer Ron Johnson is facing mounting pressure after the first year of his turnaround plan resulted in the department-store company's lowest annual sales in more than two decades.
6 minute read
September 04, 2013 |

Am Law 100 Trio Helps J.C. Penney Dress for Success

Skadden, Kirkland & Ellis, and Davis Polk have advised on a deal that sees Pershing Square Capital Management's William Ackman unload his roughly 18 percent stake in struggling retailer J.C. Penney, which has secured investments from rival hedge fund managers.
5 minute read

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