Activist investor William Ackman admitted that he made mistakes on all three retailers that included J.C. Penney, Target and Borders Group.
Tags: J.C. Penney
Company Lawsuit: Burberry Sued J.C. Penney for Selling Infringed Products Using Its Trademark Pattern
Burberry filed a lawsuit over the claim that U.S. retailer J.C. Penney sold infringed products. The retailer was accused of copying Burberry’s century-old pattern trademark and kept selling the product for up to two months after Burberry raised its objections.
Apple Store launched "Shopping category" for convenient e-commerce
Apple is continuously adding incredible features and apps for easy consumer use. It considered the needs of online shoppers to carry out an effortless and convenient process of buying.
J.C. Penney holiday-quarter adjusted profit misses estimates
Department store chain J.C. Penney Co Inc (JCP.N) reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions.
J.C. Penney removed from the S&P 500 index
J.C. Penney was dropped from the Standard & Poor's 500 index after losing more than half of its market value this year alone. Its downward spiral began during a failed transformation under former CEO Ron Johnson, who was fired last April after 17 months in the job.
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J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.
J.C. Penney Co prepares to hire at least one new director to appease largest shareholder William Ackman's demands for a more functional board.
Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
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