J.C. Penney's announcement on Monday that it has secured a five-year, $1.75 billion loan from Goldman Sachs gives the struggling retailer a cushion as it struggles to return to positive earnings, one analyst said.
How one ex-pat returned to the U.S. with a new-found appreciation for Argentine gelato, a passion that propelled the entrepreneur on a quest to conquer the ice cream market.
Something lavish, something diamond, something Hollywood and many things new. Such is the refrain of today's outrageous weddings, where celebrities and heirs to vast fortunes marry in over-the-top nuptials whose price-tags can run into the millions.
To capitalize on one of the year's most dreaded days, several restaurants and retailers are planning promotions to help customers take the sting out of forking over money to Uncle Sam.
In the latest twist of the courtroom battle between Macy's, J.C. Penney and Martha Stewart's company, the judge says that J.C. Penney will be allowed for now to sell some Stewart products. Still, Macy's CEO Terry Lundgren said he plans to appeal if his company ultimately loses in court.
Two days after J.C. Penney's board of directors ousted Ron Johnson as chief executive, hedge fund manager and board member Bill Ackman broke his silence to say he's sticking by the beleaguered department store retailer.
Newly reappointed JC Penney CEO Mike Ullman detailed some of his top priorities in one of his first conversations with analysts since Ron Johnson was ousted this week as chief of the struggling retailer. The top priority: reconnecting with its customers.
Facing sharp declines in sales and a plunging stock price, JC Penney's newly re-appointed CEO Mike Ullman must stabilize the struggling retailer's sales while modifying its strategy for winning over customers, analysts said.