JC Penney

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‘Management has control. They pay themselves large bonuses, stick it to the rank and file and don’t pay their bondholders.’ Illustration: Getty Images

Companies across America are awarding top executives multimillion-dollar “retention” bonuses shortly before declaring bankruptcy, angering creditors w(...)

Selfridges has said it is looking at launching into product rental, repair and resale as part of plans to radically improve its sustainability. Photograph: Aaron Chown/PA Wire

Selfridges is offering fashion items for rent in a bid to attract younger and ecologically minded customers at a challenging time for the retail secto(...)

“If you were quick, you could have made a bundle by betting on bankrupt stocks such as Hertz, JC Penney and Chesapeake Energy.”

“It’s hard to play poker with someone you haven’t seen before,” said Man Group chief executive Luke Ellis last week, referring to the crazed price mov(...)

Some recent action has been even crazier than that seen in the late 1990s. Photograph: iStock

The day traders are back and buying stocks like it’s 1999. In fact, some recent action has been even crazier than that seen in the late 1990s, with th(...)

The Texas-based   retail giant JC Penney   employs nearly 85,000 people

JC Penney Co is preparing to file for bankruptcy protection as soon as next week, with plans to permanently close about a quarter of its roughly 850 s(...)

Sliding oil prices and grim predictions about the global economy dragged the Ftse 100 down

European shares closed firmly in the red on Wednesday, ending a five-day rally as the first batch of earnings reports underlined the business damage f(...)

Airlines proved popular with investors on Thursday. Photograph: AFP

Easing tensions in the Middle East and hopes that the US and China will sign the first phase of a trade deal next week lifted shares across Europe on (...)

Ron Johnson helped create Apple’s lucrative physical stores and has been working on Enjoy.com. Photograph: Peter Earl McCollough/New York Times

In 2011 Apple senior vice-president Ron Johnson left the tech giant to become head of the US retailing legend JC Penney. Johnson was golden when it ca(...)

Arthur Ryan, second from left,  and Alma Carroll at the opening of Primark’s store in Boston in 2015, alongside Mayor Martin Walsh and  Primark chief executive Paul Marchant. Photograph: Josh Reynolds

Leading business figures yesterday paid tribute to Arthur Ryan, who led Penneys-Primark from just one store on Dublin’s Mary Street to a global fashio(...)

New this week: Tessa Thompson and Chris Hemsworth in Men in Black: International

ALADDIN ★★☆☆☆ Directed by Guy Ritchie. Starring Mena Massoud, Will Smith, Naomi Scott, Marwan Kenzari, Navid Negahban, Nasim Pedrad The ongoing campai(...)

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