JCPenney Operator Turns to Loss for Fiscal Year

JCPenney Operator Turns to Loss for Fiscal Year

Penney Intermediate Holdings, which has been operating the JCPenney business, reported a turn to a loss for its fiscal year ended February 1. According to a filing with the United States Securities and Exchange Commission, net loss was $177 million, and comprehensive...
JCPenney, SPARC Merge To Create Extensive Portfolio of Veteran Retail Brands

JCPenney Bogged Down by Soft Traffic in Q2

Penney Intermediate Holding reported its JCPenney operations turned to a loss in the second quarter as traffic remained slow. Net loss was $33 million versus net income of $36 million in the year-previous quarter. Comparable sales slipped 7.7% in the quarter year over...