November 17, 1999 |
Home Depot Inc., Limited Inc. and Dayton Hudson Corp. reported big gains in fiscal third-quarter profits, along with several other retailers, as the strong economy fueled sales of everything from tools to housewares to clothing. Earnings at many retailers also got a boost from better gross margins, which measure the profitability of sales. Department store chain J.C. Penney Co.
July 30, 1999 |
J.C. Penney Co., the second-largest U.S. department store company, was accused by R. Griggs Group Ltd., which makes the popular Doc Martens brand of footwear, of infringing its trademarks. In a suit filed in U.S. District Court in San Francisco, Wollaston, England-based Griggs said it is the owner of such trademarks as Dr. Martens, DM and AirWair, and of distinctive yellow stitching and under-sole designs.
January 28, 1998 |
J.C. Penney Co., hurt by a weak holiday season, said Tuesday that it will close about 6% of its stores, eliminate 4,900 jobs and improve its clothing selection in a bid to rejuvenate its business. The Plano, Texas-based retailer said only six of the 75 stores to be closed have been identified. Of the jobs to be eliminated--2% of Penney's total--about 3,200 are positions at stores scheduled to be closed. The remaining 1,700 jobs are management positions.
November 6, 1997 |
J.C. Penney Co. has stepped up its ethnic marketing in California by offering a line of cosmetics specifically for Asian women. The giant retailer and Zhen Cosmetics of St. Francis, Minn., have joined a relatively small roster of marketers targeting the enormous buying power of Asians in the U.S. By any measure, they are a highly desirable target market.
August 16, 1995 |
Wal-Mart Stores Inc. on Tuesday reported record second-quarter sales and earnings, despite what the nation's largest retailer said was a sluggish economy. Among other retailers, Dayton Hudson Corp. reported a sharp drop in earnings, J.C. Penney Co. a slight decline and Home Depot Inc. a gain. Bentonville, Ark.-based Wal-Mart said earnings rose for the 98th straight quarter to $633 million, or 28 cents a share, from $565 million, or 25 cents a share, for the period a year earlier.