JC Penney announced the departure of its president Michael Francis and CEO Ron Johnson is taking over responsibility of marketing and merchandising, with CNBC's Herb Greenberg.
Board members come under fire from shareholders all the time over their fiscal responsibilities but now there's a new battle brewing in the boardroom: Social issues like gay rights.
Shares of J.C. Penney are down 33 percent in the last year and down 26 percent since Ron Johnson took over as CEO on Nov. 1, 2011. Will the retail giant make a comeback or will it continue to fall?
It's been a year since Ron Johnson was named CEO of JCPenney. The retailer's shares down 30 percent and the dividend eliminated. I am guessing the champagne might have to stay on ice for another year. Here is to hoping this relationship has put the worst years behind it.
One year ago, Ron Johnson was announced the new CEO of JC Penney, and the stock is down about 26% since. Deborah Weinswig, Citi retail analyst, says wait to see how the stock fares in August when 47% of their product will be new.
The "Mad Money" host details what he calls one of the "greatest retail turnarounds of our era."
We ran out of time on TV but we didn't forget. Following are the Fast Money Final Traders. The gang gives you tomorrow's best trades, right now!
The FMHR traders share their top three trades, including JC Penney, Dollar General and Delta Air Lines. Also, a look at whether Apple stock has additional upside potential.
If you’re among the throngs of investors running for the exits after the lousy jobs number, hedge fund manager Whitney Tilson thinks you’ve got it all wrong.
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Even as hedge fund manager Bill Ackman continues to trumpet that he believes that JCPenney has the right strategy to turn its business around, reports are circulating that the retailer may be backing off its pricing strategy.
Take a look at some of Wednesday's midday movers:
Cramer reveals how this once ailing retailer made a successful comeback.
Hedge fund manager Bill Ackman remains steadfast in his belief that his investment in JCPenney will pay off. He says he has the patience to wait out the company's turnaround under new CEO Ron Johnson.
Take a look at some of Tuesday’s morning movers:
William Ackman, Pershing Square Capital Management founder & CEO, discusses how to make money in this market and what JC Penney needs to do to turnaround its business.
Jim Cramer’s researcher, Nicole Urken, examines some successful and not so successful turnaround stories.
Stocks closed lower in thin trading Friday as investors hesitated to stay long over the three-day Memorial Day holiday weekend amid ongoing worries over the euro zone.
U.S. stock index futures slipped Friday, tracking shares in Europe, as concerns lingered over the euro zone debt crisis in what could otherwise be a light trading day ahead of the Memorial Day weekend.
Apparel retailer Chico’s would do well not to follow in JC Penney’s footsteps, the "Mad Money" host said Thursday.