J.C. Penney announced it will celebrate Black Friday with its only sale of the year. The retailer said more than 1,100 J.C. Penney stores will open their doors at 6 a.m. on Black Friday to offer low prices on gifts for the entire family — with no coupons or rebates required. Associates throughout the store will be equipped with mobile checkout devices....
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J.C. Penney to Celebrate Black Friday With its ‘Only Sale’ of the Year
November 13, 2012
From Chain Store Age
J.C. Penney announced it will celebrate Black Friday with its only sale of the year. The retailer said more than 1,100 J.C. Penney stores will open their doors at 6 a.m. on Black Friday to offer low prices on gifts for the entire family — with no coupons or rebates required. Associates throughout the store will be equipped with mobile checkout devices.
J.C. Penney's Johnson has Backing to Weather Sales Plunge
November 12, 2012
From CNBC
J.C. Penney's Chief Executive Ron Johnson has two key weapons in his arsenal as he tries to weather plunging sales while radically transforming the aged retailer — the backing of its top investor, and cash. Those two assets help Johnson exude confidence on days like Friday, when the retailer reported its worst drop yet in same-store sales since he began his radical transformation of the department store chain earlier this year. Same-store sales fell 26.1 percent in the latest quarter, while analysts had expected a decrease of 17.9 percent.
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