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November 23, 1996 | Times Staff and Wire Reports
Cupertino, Calif.-based Symantec Corp. said authorities dropped criminal charges against its chief executive and a former vice president. . . . J.C. Penney Inc. reached a tentative agreement with the Federal Trade Commission to sell an unspecified number of stores to resolve antitrust concerns from its planned $3.3-billion acquisition of Eckerd Corp.
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BUSINESS
November 23, 1996 | Times Staff and Wire Reports
Cupertino, Calif.-based Symantec Corp. said authorities dropped criminal charges against its chief executive and a former vice president. . . . J.C. Penney Inc. reached a tentative agreement with the Federal Trade Commission to sell an unspecified number of stores to resolve antitrust concerns from its planned $3.3-billion acquisition of Eckerd Corp.
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NEWS
April 9, 1987 | From Associated Press
The nation's largest general retailers reported today their sales were mixed in March, with bad weather and the lateness of Easter to blame for negative results. The nation's largest retailer, Sears, Roebuck & Co., said its sales rose 4.2% over March, 1986. K mart Corp., the second-largest retailer, reported its overall sales increased 4.6%, but sales from stores open at least one year rose just 0.1%. No. 3 J. C. Penney Co. Inc. said its sales fell 1.3%, and F. W. Woolworth Co.
NEWS
November 5, 1987 | Associated Press
The collapse in the stock market apparently has not caused the majority of Americans to change their spending habits, retail industry analysts said today after reviewing October sales results of the nation's largest general retailers. Sears Roebuck & Co., the nation's largest retailer, reported its sales rose 1% last month from October, 1986, levels. J. C. Penney & Co. Inc. said its October sales soared 9.1% while K mart Corp. said its overall sales rose 6.7%.
BUSINESS
May 3, 1990 | From Times Wire Services
Retail sales generally rebounded in April as consumers returned to stores to shop for Easter and spring items, several of the nation's biggest retailers reported today. Many retailers who had a dismal March posted better results last month. Woolworth Corp., whose sales plummeted in March compared to a year earlier, had a 21.1% sales gain in April. Shoppers again spent most of their money on apparel and lower-priced items while generally shying away from more expensive purchases.
BUSINESS
August 15, 1989 | From Times wire services
J. C. Penney Co. Inc. said today that improved sales in its fashion apparel business helped it post a 21.2% profit increase in the second quarter, while earnings doubled for another retailer, Dayton Hudson Corp. The Dallas-based Penney reported that it earned $98 million, or 74 cents per share, in the three months ended July 29, compared to $81 million, or 61 cents a share, a year earlier. Second-quarter revenue rose 5.1% to $3.51 billion from $3.34 billion.
CALIFORNIA | LOCAL
April 26, 1989
J. C. Penney Co. Inc. was fined $53,000 Tuesday in Whittier Municipal Court after pleading no contest to two misdemeanor counts of dumping hazardous waste into the Puente Hills Landfill. As part of a plea bargain with the district attorney's office, two misdemeanor charges against the company were dismissed, as were charges against Christopher Muzquiz, a building maintenance supervisor at a Penney facility in Santa Fe Springs. Prosecutors said flammable liquid in barrels was discarded during cleaning of the Santa Fe Springs facility and dumped at the landfill Aug. 3. The company has already paid the costs of cleaning up the illegal disposal, Deputy Dist.
CALIFORNIA | LOCAL
January 17, 1986
A Canoga Park man who was not allowed to help his young daughter try on clothes in a dressing room filed suit this week against J. C. Penney Co. Inc., charging sex discrimination. John S. Hamilton said he was helping 5-year-old Leah try on clothes in the chain's Northridge store Nov. 22 when sales personnel told him he must leave the dressing room. He said he was told that men who enter girls' dressing rooms are viewed by the public as "molesters and voyeurs."
BUSINESS
April 17, 2001
Mcglen Internet Group Inc. said Monday that following its pending merger with Lan Plus Corp., it will change the corporate name to Northgate, the name of a mail order personal computer reseller that Lan Plus bought in 1997. Mcglen, a Tustin specialty technology company, said the Northgate name is "well branded," especially in cable television shopping networks, mail order catalog companies and large chain stores like J.C. Penney Co. Inc.
NEWS
December 3, 1987 | Associated Press
November was another disappointing month for the nation's largest general retailers as consumers continued to spend cautiously, according to sales reports released today. The nation's largest retailer, Sears, Roebuck & Co., said its sales rose 0.7% in November from the same month in 1986. Its sales for the first 43 weeks of the year were up 3.1% from the same period a year earlier. J. C. Penney Co. Inc. reported a 4.3% sales increase in November and a 5.1% rise so far this year. K mart Corp.
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