Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Plano, United States
Retail
J.C. Penney Rescue Deal Approved in Bankruptcy Court
The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs.
J.C. Penney Rescue Deal Approved in Bankruptcy Court
The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs.
Retail
CBL Files for Chapter 11 Bankruptcy Protection
The process will give the mall operator a chance to continue functioning while reorganising its finances and business.
CBL Files for Chapter 11 Bankruptcy Protection
The process will give the mall operator a chance to continue functioning while reorganising its finances and business.
Retail
J.C. Penney Posts Steep Sales Decline for Second Quarter
The American retailer reported sales of $1.39 billion in the period ended August 1, down from $2.51 billion a year earlier.
J.C. Penney Posts Steep Sales Decline for Second Quarter
The American retailer reported sales of $1.39 billion in the period ended August 1, down from $2.51 billion a year earlier.
Retail
J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court
The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.
J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court
The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.
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Retail
J.C. Penney Post-Bankruptcy Plan Includes Closing 29% of Stores
The retailer, which recently filed for Chapter 11 bankruptcy, expects net sales of $7.5 billion with its smaller fleet of 604 stores.
J.C. Penney Post-Bankruptcy Plan Includes Closing 29% of Stores
The retailer, which recently filed for Chapter 11 bankruptcy, expects net sales of $7.5 billion with its smaller fleet of 604 stores.
Financial Markets
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
Retail
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
News & Analysis
J.C. Penney Logs Disappointing Sales But CEO Says Change Is Coming
Despite a 9 percent fall in same-store sales in the latest quarter, the department store chain's chief executive foresees a sales turnaround.
J.C. Penney Logs Disappointing Sales But CEO Says Change Is Coming
Despite a 9 percent fall in same-store sales in the latest quarter, the department store chain's chief executive foresees a sales turnaround.
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News & Analysis
Report: J.C. Penney Taps Debt Restructuring Advisers
The retailer is making a high-stakes attempt to get its finances in order before its debt of about $4 billion comes due, according to sources familiar with the matter.
Report: J.C. Penney Taps Debt Restructuring Advisers
The retailer is making a high-stakes attempt to get its finances in order before its debt of about $4 billion comes due, according to sources familiar with the matter.
News & Analysis
Retailers J.C.Penney, Macy's Oppose Proposed Tariffs on Apparel and Footwear
The retail companies warn the US President's tariff proposal could have negative impacts on their sales.
Retailers J.C.Penney, Macy's Oppose Proposed Tariffs on Apparel and Footwear
The retail companies warn the US President's tariff proposal could have negative impacts on their sales.
Retail
J.C. Penney Posts Worse-Than-Expected Drop in Sales
As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping.
J.C. Penney Posts Worse-Than-Expected Drop in Sales
As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping.
Retail
J.C. Penney Rises as Wall Street Buys Into Turnaround Strategy
The retailer surged 25 percent as it revealed plans to close 15 more locations and announced a trio of new executives.
J.C. Penney Rises as Wall Street Buys Into Turnaround Strategy
The retailer surged 25 percent as it revealed plans to close 15 more locations and announced a trio of new executives.
The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.