J.C. Penney will no longer be selling major appliances, ending its three-year run. The Plano, Texas-based department store chain also says on its company blog that furniture will only be available on ...

J.C. Penney confirmed that it has decided to exit the major home appliance business on Feb. 28 and may reduce store space in the process. The decision by CEO Jill Soltau will unravel a large ...

J.C. Penney Co Inc said on Monday its retail and operating assets would exit Chapter 11 as two of its biggest landlords, Simon Property Group <a href=" target="_blank">(SPG.N) and Brookfield Asset ...

An activist shareholder agitated for changes that sent retailer into a spiral. William Ackman, chief executive officer of Pershing Square Capital Group LLC and Canadian Pacific Railway Ltd. board ...