J.C. Penney will no longer be selling major appliances, ending its three-year run. The Plano, Texas-based department store chain also says on its company blog that furniture will only be available on ...

JCPenney is trying to reinvent itself again. It’s getting rid of appliances and most furniture to return its focus to clothing sales. The company hasn’t turned a profit since 2010, and it forecast ...

JCP experienced a decline in net sales and gross margin. The company had cash burn of over $265 million. Inventory remains bloated and the company has debt and capital leases of $3.9 billion. What a ...

J.C. Penney Co. plans to close some stores, including one in Culpeper, as well as outlets and call centers. The company also plans to finish closing its catalog business and add two opinionated ...