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JCPenney to announce big changes

DALLAS — JCPenney Co. will host a two-part launch event where senior management will outline its much-anticipated plan of transformation on the mornings of Jan. 25 and Jan. 26 in New York City.

The event begins on Jan. 25 at 9 a.m. ET with a presentation from CEO Ron Johnson and president Michael Francis scheduled to conclude by 11 a.m. ET. It will be followed the next day, Jan. 26, by a financial presentation from COO Michael Kramer that begins at 9 a.m. ET. The Jan. 26 event will conclude at 10:30 a.m. ET following a question and answer session with senior management.

 Both meetings will be available via a real-time webcast. The webcast may be accessed through JCPenney's investor relations page at http://ir.jcpenney.com.