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So I was watching TV last night. (Yeah, I know, I know...) and while I was watching, a commercial for JCPenney came on. Now, do you remember a few years ago when they had Ellen DeGeneres as their spokesperson? Do you remember what happened to sales at JCPenney? You would think that after the disaster that occurred with that, they would learn from their mistakes. Apparently not. I saw two different commercials last night for Penney's , and in both of them the spokesperson was none other than Carson kressley. Remember him? Alumnus of the orginal "Fab Five" on "Queer...

J.C. Penney’s stock hit a 13-year low Wednesday as investors grow increasingly concerned about the future of the 112 year old iconic American retailer. Shares plunged more than 15% at one point and briefly dipped below $10 a share — a level they have not touched since November 2000. Several analysts are predicting that J.C. Penney did not have a good back to school shopping season, and that sales continued to plummet in late August and early September. Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new...

J.C. Penney Co Inc (JCP.N) said on Monday that Michael Francis, a key member of the "dream team" the retailer assembled to carry out its transformation of everything from pricing to merchandising, was leaving the company, just months after he was lured from Target Corp (TGT.N). The move, announced in a brief statement, comes weeks after the department store operator said it had a worse-than-expected 18.9 percent drop in same-store sales for the first quarter as it tried to wean consumers off of coupons and frequent discounts as it adopted everyday prices. Francis, 49, was president and responsible for marketing...

Houston, TX (AHN) - Police in Pasadena, Texas have recovered $2 million worth of stolen goods at three Houston locations upon arresting a suspected burglar that hit J.C. Penneys and other stores in three states. Wednesday's arrest of Ricky Orlando Garcia, 38, came after the burglary of J.C. Penney stores in Fairmont Parkway, Indianapolis, Rosenberg and Covington, Louisiana from June to August. The stores have holes in their roofs where the burglar entered.Other burglaries in Hays and Dallas counties in 2008 are being blamed on Garcia. Burglary charges have been filed against him in Rosenberg, Lafayette and St. Tammany Parish.