Tag Archives: J.C. Penney

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

Simon, Ullman Named to NRF Board

Bill Simon

NEW YORK-Bill Simon, president and CEO of Walmart U.S., and J.C. Penney CEO Myron Ullman III have been elected to the board of directors of the National Retail Federation. Along with Simon and Ullman, NRF elected to its board Steve Knopik, CEO of Beall’s; Lori Mitchell-Keller, senior vice president and head of the global retailMore »

Last updated: January 13, 2014

Macy’s, Martha Stewart Settle Legal Dispute

Martha Stewart

NEW YORK-Macy’s Inc. and Martha Stewart Living Omnimedia (MSLO) have reached a settlement of their legal dispute regarding the sale of Martha Stewart-branded home merchandise at J.C. Penney. In brief and almost identically worded statements, the two companies said the terms of the settlement are confidential, will not be disclosed and “are not deemed material”More »

Last updated: January 2, 2014

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013

J.C. Penney Same-Store Sales Jump 10.1 Percent in November

J.C. Penney

PLANO, Texas-J.C. Penney logged a gain of 10.1 percent in its November same-store sales, according to a preliminary update from the retailer issued yesterday. The month, of course, included the all-important Thanksgiving weekend. The J.C. Penney statement added that its e-commerce sales through jcp.com ran ahead of last year and have continued their recent strength.More »

Last updated: December 4, 2013

(Selling) Home for the Holidays

Duke_Ratliff

If the consumer press was any indication, the universe almost ended. More precisely, the civilized world as we know it could have come to a crashing halt on Thanksgiving Day. That’s when the Scrooge-like retailers such as … well, pretty much every single retailer of note—opened for business. Macy’s suffered an unfair share of theMore »

Last updated: December 20, 2013

J.C. Penney Continues Home-Department Transformation

Myron Ullman III

PLANO, Texas-Continuing its battle to return to profitability, J.C. Penney is proceeding with its retransformation of its home department from the shop-oriented format established by former CEO Ron Johnson to one organized by category and classification. In a conference call to financial analysts yesterday, CEO Myron Ullman III, who succeeded Johnson in April said thisMore »

Last updated: November 21, 2013