Tag Archives: J.C. Penney

Powers Tabbed as Home Depot EVP, U.S. Stores

Marc Powers

ATLANTA-The Home Depot (NYSE: HD) has named Marc Powers executive vice president of U.S. stores, succeeding Marvin Ellison, who was named president and CEO-designee of J.C. Penney last week. Powers will assume his new role on Nov. 1, the same date on which Ellison will move to his new post. He will be responsible forMore »

Last updated: October 20, 2014

Marvin Ellison to be J.C. Penney President/CEO

Marvin Ellison

PLANO, Texas–J.C. Penney has appointed Marvin Ellison, currently executive vice president of stores at Home Depot, as president and CEO-designee, effective Nov. 1. He will also join the Board of Directors at that time. Ellison will succeed Myron E. (Mike) Ullman, III, as CEO of J.C. Penney on Aug. 1, 2015. At that time, UllmanMore »

Last updated: October 13, 2014

Reports: Amazon to Open First Store in NYC

Amazon

NEW YORK-Amazon.com is set to open its first physical retail location here in Manhattan, at 7 W. 34th St., according to reports from multiple sources, including the Wall Street Journal and the New York Times. Responding to a request for comment from HFN, an Amazon spokesperson said the company has “made no announcements about aMore »

Last updated: October 10, 2014

J.C. Penney to Intensify Promotions in Home

Liz Sweney

NEW YORK-Having restored promotions with its relaunch of its home business in March, J.C. Penney will ramp up promotions in home going forward, company executives said at yesterday’s meeting with financial analysts. Restoring and accelerating promotions are major parts of the retailer’s effort to realize the opportunity to increase home-department sales by $750 million overMore »

Last updated: October 9, 2014

Campbell Soup’s Owens Elected to J.C. Penney Board

Craig Owens

PLANO, Texas-J.C. Penney said B. Craig Owens, retired chief financial officer and chief administrative officer of Campbell Soup, has been elected to its board of directors. Owens was with Campbell Soup from 1996 until his retirement earlier this year. He became chief financial officer and chief administrative officer in 2008. Prior to joining Campbell Soup,More »

Last updated: October 8, 2014

J.C. Penney Slashes Q2 Loss as Sales Gain

J.C. Penney

PLANO, Texas-With net sales increasing for the second quarter in a row, J.C. Penney reported a net loss of $172 million in its fiscal second quarter, compared to a net loss of $586 million in the second quarter of last year. Net sales gained 5.1 percent to $2.8 billion in the quarter, which ended onMore »

Last updated: August 15, 2014

Balta U.S. Names Papa National Accounts Manager

Balta U.S.

DALTON, Ga.–Industry veteran Chris Papa has joined Balta U.S. as national accounts manager. Papa will be based out of his office in Minnesota. With more than 30 years of experience in home fashions, Papa has worked as senior bath buyer for both J.C. Penney and Target and as divisional merchandise manager for the bath forMore »

Last updated: July 29, 2014

J.C. Penney Appeals Decision in Macy’s Suit

JCPenney

NEW YORK-J.C. Penney said it is appealing the New York State Supreme Court’s ruling in favor of Macy’s, in the lawsuit regarding J.C. Penney’s agreement for a Martha Stewart-branded line of home goods with Martha Stewart Living Omnimedia (MSLO). On June 16, State Supreme Court Justice Jeffrey Oing said that agreement “tortiously interfered” with theMore »

Last updated: July 2, 2014