Tag Archives: J.C. Penney

Sadove Chosen to Chair Borderfree Advisory Board

Stephen Sadove

NEW YORK-Borderfree, a global e-commerce company, has named Stephen Sadove, former chairman and CEO of Saks Inc., as chairman of its newly created advisory board. Borderfree provides management for all aspects of international online retailing, including localized pricing and payment processing, landed cost calculation, customs clearance and brokerage, fraud management, logistics orchestration and customer-experience parity.More »

Last updated: April 14, 2014

J.C. Penny Unveils New Home Revamp

JC Penney Home Collections

PLANO, Texas-J.C. Penney has debuted a new reconfiguration of its home department, newly branded under Home Collections at J.C. Penney. In what a company spokesman termed an “extensive remerchandising” of the section, 60 percent of the area now caters to soft home, including a renewed focus on bedding and bath. This element also involves anMore »

Last updated: March 17, 2014

Mitigating Risks in Reductions-In-Force

Brian Rauch

By Brian S. Rauch Reductions-in-force have, unfortunately, become a growing trend in the retail sector. As detailed in last month’s issue of HFN, both Macy’s and J.C. Penney recently announced the elimination of 2,000 or more jobs. Even though they are typically done to improve profitability, reductions-in-force can be costly in terms of declines inMore »

Last updated: March 17, 2014

MSLO Q4 Net Balloons; Company Slashes Loss for Fiscal Year

MSLO

NEW YORK-Martha Stewart Living Omnimedia (MSLO) reported a 528.5 percent jump in fourth-quarter net income to $7 million, reducing its net loss for the fiscal year to $1.8 million from $56.1 million in the previous fiscal year. Dan Dienst, MSLO’s CEO, attributed the quarterly bottom-line success to “some aggressive and important steps … to alignMore »

Last updated: February 25, 2014

Record to Succeed Hannah as J.C. Penney CFO

JCPenney_2014_Classic

PLANO, Texas-Edward Record has been named executive vice president and chief financial officer of J.C. Penney. Record will succeed Ken Hannah on March 24. Hannah will stay on as the retailer’s financial chief “to ensure a smooth transition,” according to a J.C. Penney statement. The statement did not comment on Hannah’s future plans. Record willMore »

Last updated: February 13, 2014

J.C. Penney Q4 Comps Up; First Quarter Gain in Nearly Three Years

JCPenney_2014_Classic

PLANO, Texas-For the first time since the second quarter of 2011, J.C. Penney posted a quarterly same-store sales gain, with same-store sales up 2.1 percent for its fiscal fourth quarter. The department-store retailer added that same-store sales for the combined November-December period rose 3.1 percent over the same period from the previous year. J.C. PenneyMore »

Last updated: February 4, 2014

J.C. Penney Amends and Extends “Poison Pill” Plan

JCPenney_2014_Classic

PLANO, Texas-J.C. Penney’s board has changed the stockholder rights plan adopted last August—commonly called a “poison pill” plan—by extending its expiration date from Aug. 20, 2014, to Jan. 26, 2017, and lowering the threshold for a person or group to acquire the company from 10 percent. Under the terms of the amended plan, if anyMore »

Last updated: January 29, 2014