The Plano, Texas-based retailer is planning on filing for bankruptcy in Corpus Christi, Texas, the people said. It has been negotiating with its first lien lenders a $450 million loan to finance the bankruptcy, which would require the troubled retailer to hit certain goals to receive the second half of it, CNBC previously reported...

...The others were General Motors, Omnicon, ViacomCBS, Bed Bath & Beyond, Best Buy, Amazon, Ascena Retail Group, JC Penney, and Progressive. ...

PLANO, Texas - (July 10, 2019) - J. C. Penney Company, Inc. (NYSE: JCP) today announced that W. Paul Jones, a retail industry veteran with more than 30 years of department store and specialty retailing experience, was elected to its Board of Directors. Jones served as chief executive officer of Payless ShoeSource, retiring in 2017, and brings extensive leadership, merchandising and operations proficiency to the JCPenney board...

... CEO Marvin Ellison officially started on the job last July 2. Ellison was recently the CEO of the struggling JC Penney (NYSE: JCP), but perhaps more relevant is his prior 12-year stint as executive vice president at Hom...

..., starting with Target, Herbalife, then Valeant Pharmaceutical, which was multi-billion dollars. Argersinger: JC Penney, right! The list is building here! I share your discomfort as a Starbucks shareholder, as well. I'm ...

... Soltau, the former CEO of Joann Stores, will take the helm of the department store chain, effective Oct. 15, JC Penney said on Tuesday... Jill Soltau, the former CEO of Joann Stores, will take the helm of the struggling...

... more slowly than Ackman because the fund manager's impatience was a huge criticism of Ackman's investment in JC Penney. Under his direction the company ripped up stores, put in more expensive brands, and scared away its...

...she could run for President. People love the simplistic narrative of a savior CEO but just ask Ron Johnson at JC Penney and Marissa Mayer at Yahoo how well that worked out. Uber’s future is uncertain and it is an unhappy...