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>> JCPENNEY Latest News

FEB 27, 2014 - TheStreet

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J.C. Penney Wants This Turnaround Done

NEW YORK (TheStreet) - J.C. Penney just wants this turnaround completed already, and management is pushing for it to happen by the end of the year. The tone on last night's conference call was that J.C. Penney's management is getting more aggressive in making the turnaround happen. "Today, the most challenging and expensive parts of the turnaround are behind us and the work we did in 2013 has laid a foundation for continued progress in 2014," CEO Mike Ullman said on last night's fourth-quarter earnings conference call. The company has said that the "turnaround would come in three phases: ... Read More

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