From our morning news briefing to a weekly Good News Newsletter ... isn't working — which [Ackman] defined as sales stabilizing — J.C. Penney will stop spending cash and rethink its options.

JCPenney's operations turned profitable in the third quarter, despite a dip in sales volume. In financial filings this week, Penney's cited progress cutting costs as well as building momentum from ...

Mall REITs Simon and Brookfield acquired J.C. Penney ... It comes as Penney continues to struggle. In its most recent quarter, the department store’s loss narrowed, but net sales tumbled 8% ...