NEW YORK, April 11- J.C. Penney Co Inc board member William Ackman on Thursday acknowledged the shortcomings of the CEO he handpicked to turn around the retailer and said he was optimistic about the company and its future.
NEW YORK, April 11- Martha Stewart's company lost a bid on Thursday to dismiss Macy's Inc's claim that it violated their contract when it designed certain products for J.C. Penney Co Inc, even if the products do not carry the Martha Stewart brand.
NEW YORK, April 11- Martha Stewart's company lost a bid on Thursday to dismiss Macy's Inc's claim that it violated their contract when it designed certain products for J.C. Penney Co Inc, even if the products do not carry the Martha Stewart brand.
NEW YORK, April 9- The legal battle between Macy's and J.C. Penney over who gets to sell what Martha Stewart products took a comedic turn on Tuesday when lawyers asked a judge to weigh two pitchers in his hands, one from each of the rival retailers.
Penney shoppers: Meet the new boss. The struggling department store chain parted ways with Chief Executive Ron Johnson, who failed to win over shoppers and investors with his everyday-low-price strategy, and on Monday rehired Johnson's predecessor, former CEO Myron Ullman, to revive the company.
*Macy's claims has exclusive right to sell some items. NEW YORK, April 8- Macy's Inc and J.C. Penney Co Inc were back in court on Monday in their fight over Martha Stewart, with Macy's claiming that some of the items Penney has begun selling on its website infringe on its exclusive deal with the home goods guru.
April 1- It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson. The struggling department store chain is poised to open the first of its new home goods boutiques on April 5, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.
April 1- It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson. The struggling department store chain is poised to open the first of its new home goods boutiques on April 5, a launch that Johnson himself has called "pivotal" to his efforts to revive Penney.
NEW YORK, March 7- J.C. Penney agreed on Thursday to hold off on its plan to sell certain Martha Stewart- designed products in its stores at least until an April 8 court date. Macy's, which claims the exclusive rights to sell the products, has sued J.C. Penney and Martha Stewart Living Omnimedia to prevent its rival from selling them.
NEW YORK, March 7- J.C. Penney agreed on Thursday not to sell products designed by Martha Stewart in categories deemed exclusive to Macy's Inc before a court date in April. The agreement came as a New York judge adjourned a trial over whether Martha Stewart Living Omnimedia breached its contract with Macy's when it entered into a deal with J.C. Penney.