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February 26, 2014
06:18 EDTJCP, MJ.C. Penney fails to make e-commerce gains, Reuters reports
While J.C. Penney (JCP) saw online sales jump 26.3% over the holiday quarter, overall it lost its lead among other department store chains because of management mistakes, low investment in the website and other technology, reports Reuters. Penney now gets about 8% of sales online, compared with 15%, including catalog sales, a decade ago. E-commerce sales at Macy's (M) and Penney were about equal in 2010, for example. But two years later, Macy's were three times larger. .Reference Link
News For JCP;M From The Last 14 Days
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July 23, 2014
09:02 EDTMMacy's reports new initiates in multi-year program to enhance sustainability
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July 18, 2014
18:12 EDTMVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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