JCPenney Bringing Back Its Old Logo
An old favorite is returning to JCPenney stores across the country. The former company logo is coming back, after a brief trip to the storage room under now-ousted CEO Ron Johnson.
Watch CBS News
An old favorite is returning to JCPenney stores across the country. The former company logo is coming back, after a brief trip to the storage room under now-ousted CEO Ron Johnson.
JCPenney Co., whose shares have been tumbling on worries about its business, says that it is pleased with its turnaround efforts so far.
Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.
JCPenney said that it has drawn $850 million from its $1.85 billion revolving credit line, a clear sign that the flailing department store chain is in a severe cash crunch.
J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company.
After losing big money and customers, Plano-based JC Penney is touching up its plans for a total makeover.
The word from J.C. Penney's Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.
The doors are still open at JCPenney stores-- and the cash registers are ringing-- but not nearly enough.
It's been a tough week to be Ron Johnson. After facing down investors this week over a dismal quarterly performance, the JCPenney CEO will be in the spotlight again -- in court.
Shares of JCPenney plunged a day after the department store chain reported massive losses and a nearly 30 percent drop in revenue in its fiscal fourth-quarter period.
JC Penney took a different approach to Black Friday than other major retailers like Target, Wal-Mart and Toys 'R' Us, which opened Thanksgiving evening.
Six months after the department store chain got rid of sales in favor of a three-tier pricing approach, JCPenney is eliminating one tier and bringing back the word "clearance."
JCPenney's shares are tumbling a day after the company announced the departure of Michael Francis, a top executive brought in last October to help redefine the store's brand.
JCPenney CEO Ron Johnson said that the department store chain is resurrecting the word "sale" in promoting its monthlong events, the latest change to reverse a drop in customers.
JCPenney is on the defensive again as a result of a new Father's Day ad featuring a real-life gay couple playing with their children.
He helped shape Target's cheap chic image. He changed the way people shop for Apple gadgets. Now, Ron Johnson faces his biggest challenge yet with JCPenney.
JCPenney's Myron E. Ullman III is stepping down as chairman and will be replaced by board member Thomas Engibous on January 28.
JCPenney says its new CEO from Apple won't assume the job's full duties until February, even though he takes the title in November.
Officers responded to the 3500 block of Justin Road around 11:41 a.m. Friday morning, where two vehicles were involved in a collision.
On Sunday, DFW Airport is predicting as many as 265,000 people will be flying in and out of the airport.
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
DFR told CBS News Texas that a passerby reported seeing a fire at the retail shopping center at 5405 W. Lovers Lane.
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
Officers responded to the 3500 block of Justin Road around 11:41 a.m. Friday morning, where two vehicles were involved in a collision.
On Sunday, DFW Airport is predicting as many as 265,000 people will be flying in and out of the airport.
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
DFR told CBS News Texas that a passerby reported seeing a fire at the retail shopping center at 5405 W. Lovers Lane.
Jeffrey R. Holland was next in line to lead the Mormon church under a long-established succession plan.
Texas veterans could be at risk of losing the help they need to stay home.
A North Texas couple tracked their stolen airport luggage across Dallas using an AirTag — only to learn police couldn't act on the data alone.
Nearly every day, hundreds of thousands of Texas students board a school bus.
Outdoor sirens are meant to warn Texans of tornadoes and floods. This summer's deadly flooding in Kerr County exposed how vulnerable many communities are, with sirens broken, outdated or missing.
It took Azellia Thompkins nearly a year to watch the video of her attempted suicide in the Scurry County jail. Now, she's hoping others will watch it.
Republican candidate for Texas Attorney General, Joan Huffman, discusses her campaign and priorities. She tells Jack Fink her experience and qualifications include a long Senate career.
Republican candidate for Texas Attorney General Aaron Reitz discusses key points for his campaign and what his priorities are should he be elected for the position.
Republican candidate for Texas Attorney General, Mayes Middleton, discusses his campaign and priorities. He tells Jack Fink his success record and platform are in the best interest of Texas.
Republican candidate for Texas Attorney General, Chip Roy, discusses his campaign and priorities. He tells Jack Fink his track record and courtroom experience make him the best choice.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
The first state-run psychiatric hospital will open next summer under the direction of UT Southwestern Medical Center in the heart of Dallas' Medical District.
A Georgia family celebrates their first Christmas with baby Anna Claire after life-saving heart surgery at Cook Children's in Fort Worth, a procedure other hospitals wouldn't attempt.
'Tis the season for holiday parties, air travel, and respiratory viruses.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the Christmas surprise that no one wants to unwrap: a heart attack, and it happens more often than you may realize.
After years in the making, Texas Instruments' semiconductor factory in Sherman has officially begun production.
Smith and other Main Street businesses complained to Frisco about the impact on business.
Rodeo Dallas, a popular but controversial Deep Ellum nightclub, is getting back in the saddle. In Uptown.
"This is a Texas-sized investment in the future of our great state," Texas Gov. Greg Abbott said in a statement.
American Airlines has announced plans to cut management and support roles, mainly at its headquarters in North Texas.
The university fired ex-coach Sherrone Moore on Dec. 10 for having an "inappropriate relationship" with a female staffer.
Call it a Cowboys Christmas. It could be a new tradition for Cowboys fans.
Dak Prescott threw for 307 yards and two touchdowns, and the Dallas Cowboys blew most of an 18-point lead before squeezing past the Washington Commanders 30-23.
For the second time this season, the Cowboys will have a standalone game on a holiday in front of a national audience.
Cooper Flagg had 33 points, nine rebounds and nine assists, and Anthony Davis had 31 points and nine rebounds as the Dallas Mavericks beat the Denver Nuggets 131-130.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Mickey Lee, a former "Big Brother" houseguest known for her vibrant personality and bold gameplay, has died, her family announced in a social media post shared Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
King Charles III led his family to church on foot ahead of his annual Christmas Day speech that is expected to focus on pilgrimage.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
