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JCPenney files for bankruptcy protection

2020-05-18 15:55:00| Daily apparel & textile news and comment - from just-style.com

US retail giant JCPenney has filed for Chapter 11 Bankruptcy protection, a move that will see some of its near-850 stores close.

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JCPenney talks with lenders on bankruptcy options?

2020-04-24 16:08:00| Daily apparel & textile news and comment - from just-style.com

US department store retailer JCPenney Company is understood to be in advanced talks with lenders for an emergency loan that would fund its operations during a court-supervised bankruptcy.

Tags: options talks bankruptcy lenders

 
 

US Q4 in brief - Crocs, JCPenney, Chico's, Steve Madden

2020-01-31 13:29:00| Daily apparel & textile news and comment - from just-style.com

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Crocs has reported a 21.8% rise in revenues, JCPenney expects to close at least six store locations in fiscal 2020, amid a drop in fourth-quarter total net sales and net income, while L Brands has swung to a net loss of US$192.3m. Elsewhere, The TJX Companies has reported a "strong" set of fourth-quarter results, and Rocky Brands has booked a rise in both earnings and revenue. 

Tags: steve chicos madden jcpenney

 

US Q4 in brief - Foot Locker, Crocs, JCPenney, Chico's

2020-01-31 13:29:00| Daily apparel & textile news and comment - from just-style.com

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Crocs has reported a 21.8% rise in revenues, JCPenney expects to close at least six stores in the year ahead following a drop in fourth-quarter sales and net income, while L Brands has swung to a net loss of US$192.3m. Elsewhere, The TJX Companies has reported a "strong" set of fourth-quarter results, and Rocky Brands has booked a rise in both earnings and revenue. 

Tags: foot locker chicos jcpenney

 

US Q3 in brief - JCPenney, Dillard's, Walmart

2019-10-01 18:31:00| Daily apparel & textile news and comment - from just-style.com

In the latest third-quarter filings from US apparel and footwear brands and retailers, JCPenney has narrowed its net loss, retail giant Walmart booked a rise in both sales and earnings, while Kontoor Brands reported results in line with company expectations. Elsewhere, Under Armour has announced a mixed quarter as sales dropped but profit increased. 

Tags: walmart jcpenney dillards

 

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