NEW YORK — JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going ...

JCPenney posted a profit of $173 million on revenue of $5.44 billion, down from a profit of $312 million on sales of $5.58 billion in the same months of 2021, according to a January filing.

Yet JCPenney argues these economic challenges play to the 121-year-old company’s strengths. “I absolutely believe that this is a take-share moment right now,” Rosen said.

JCPenney isn’t the only major retailer that’s announced a handful of store closures. Last year. Big Lots announced it was closing more than 300 stores across the U.S.

JCPenney CEO Marc Rosen told FOX Business in 2023 that the company had been working to revamp its product offering, making sure it's a cheaper alternative to other department stores, to boost ...

JCPenney CEO Marc Rosen has no intention of adding to the retailer's 15-year list of failed turnaround attempts anchored in bold, flashy moves. In the late 2000s, it tried to be fashion-forward.

JCPenney's 1990 Christmas catalog is pictured. JCPenney, based in Plano, Texas, is at the tail-end of a turnaround plan. In November, it reported dropping sales in its third quarter.

JCPenney sold the 1.8 million square-foot complex in January 2017 for $353 million. Penney remained a tenant in the corporate complex, renamed “The Campus at Legacy West,” but its presence was ...

The JCPenney store at the Westfield Annapolis Mall in Maryland as shown on August 22, 2020. Michael Lisicky It’s been a long difficult road for JCPenney JCP 0.0%. For the past few decades, the ...

JCPenney may have a glossy new exterior, but inside the 111-year-old retailer, there is a major culture clash. There's widespread anxiety, fear, distrust, and resistance to CEO Ron Johnson within ...