Penney shares were up 7 per cent to $9.32 in afternoon trading.

JC Penney Co said November sales were encouraging and popular house brands were lifting gross profit margin, suggesting the struggling department stor(...)

The lingering impact of JC Penney’s failed efforts to remake itself into a more upscale destination in 2012 under previous chief executive Ron Johnson continued to weigh on results and chief executive Myron Ullman said the retailer still had a lot of work to do to steady itself. Photograph: Reuters/Mike Blake

JC Penney yesterday reported quarterly sales tumbled again last quarter, even as reinstated chief executive Myron Ullman worked to roll back his prede(...)

 William Ackman: founder and chief executive  of Pershing Square Capital Management LP.   Photograph: Scott Eells/Bloomberg

Hedge fund billionaire William Ackman has quit the board of troubled department store group JC Penney, ending three years of acrimony.The company anno(...)

Procter and Gamble is replacing chief executive Bob McDonald with his predecessor, A.G. Lafley, as the world’s largest consumer products maker(...)

The board of JC Penney is facing scathing criticism from investors and corporate governance experts after ousting chief executive Ron Johnson a(...)