Skip navigation

CIT clamps down on credit to some J.C. Penney vendors: source

NEW YORK (Reuters) - Commercial lender CIT Group Inc <CIT.N> abruptly stopped funding some future shipments to struggling retailer J.C. Penney Co Inc <JCP.N>, just months before the all-important holiday season, a source familiar with the situation said on Wednesday.Full story

Analyst says home unit adding to JC Penney's woes

Credit Suisse analyst Michael Exstein said Wednesday that he believes that J.C. Penney's recent revamp of its home department may have actually added to its challenges, rather than helping improve its business as the retailer had hoped. Full story

J.C. Penney to soon learn fate of its Martha Stewart home goods

NEW YORK (Reuters) - J.C. Penney Co Inc <JCP.N> will likely learn in August whether it can sell certain Martha Stewart-branded home goods it has been prevented from stocking due to a lawsuit by rival Macy's Inc <MC.N>. Full story

Sponsored Links

Articles

J.C. Penney margins plunge, CEO says changes coming

J.C. Penney first-quarter sales plunge

J.C. Penney stores, real estate worth $4.06 billion: appraisal

J.C. Penney first quarter same-store sales fall 16.6 percent

J.C. Penney takes to social media to ask shoppers to come back

Goldman Sachs lines up $1.75 billion J.C. Penney loan: CNBC

J.C. Penney in talks for a new loan with various parties: WSJ

J.C. Penney borrows $850 million to boost inventory

J.C. Penney draws down $850 million to keep liquidity

3 Marketing Lessons from the Rise and Fall of Ron Johnson

Video

  JC Penney CEO Johnson's 2012 Compensation

J.C. Penney's CEO Ron Johnson received a total of $1.9 million in 2012, reports CNBC's Courtney Reagan.

advertisement | ad info

Related Photos

File photo of the entrance of a J.C. Penney store in Arcadia
File photo of the entrance of a J.C. Penney store in Arcadia

The entrance of a J.C. Penney store is pictured in Arcadia, California in this March 1, 2013, file photo. REUTERS/Mario Anzuoni/Files

Shoppers walk past the J.C. Penney's store in New York
Shoppers walk past the J.C. Penney's store in New York

Shoppers walk past the J.C. Penney's store in New York in this file photo taken April 11, 2013.

The sign outside the J.C. Penney store is seen in Westminster
The sign outside the J.C. Penney store is seen in Westminster

The sign outside the J.C. Penney store is seen in Westminster, Colorado February 20, 2009. REUTERS/Rick Wilking