by - January 8, 2015 4:41 pm
The retail sector from top to bottom continues to shed its brick and mortar stores as four retailers announce streamlining efforts in recent days. J.C. Penney, Macy’s, Bloomingdales and Wet…
by - October 13, 2014 10:46 am
J.C. Penney announced that Marvin Ellison, a vice president at Home Depot, will be joining the retailer Nov. 1 and assuming the CEO role from Mike Ullman in August, after…
by - January 16, 2014 10:36 am
Retailer J.C. Penney announced plans to close 33 underperforming stores seeking $65 million in cost savings this year, while also eliminating about 2,000 jobs by May. The retailer released the…
by - December 13, 2013 12:19 pm
After two years of declining sales, the Plano, Texas-based department store chain is eliminating or trimming some high-profile brands introduced by former CEO Ron Johnson. CEO Mike Ullman told Reuters…
by - August 8, 2013 11:52 am
Allen Questrom, a retail legend in his own right who turned J.C. Penney around once before, has agreed to come back as board chairman if he approves of the retailer’s…
by - April 19, 2013 12:54 pm
Several top executives including chief operating officer Michael Kramer and chief talent officer Dan Walker, have left their posts at J.C. Penney, the company said Thursday (April 18). These two…
by - July 18, 2012 6:06 pm
J.C. Penney Co. CEO Ron Johnson, reiterating that his turnaround of the department store chain will take four years, said he’s sticking with his strategy for “everyday low prices.” “We…
