Tag Archives: J.C. Penney

Sadove Named to J.C. Penney Board

Stephen Sadove

PLANO, Texas-Stephen Sadove, current chairman and CEO of Saks Inc., has been elected to the J.C. Penney board of directors. Sadove will be leaving his post with Saks when the retailer’s merger with Hudson’s Bay Co. is finalized, at which time he will begin his role on the J.C. Penney board. He joined Saks asMore »

Last updated: October 9, 2013

J.C. Penney Cites “Solid Progress” in Turnaround; Home Department Still Weak

J.C. Penney

PLANO, Texas-J.C. Penney said its turnaround efforts have resulted in “solid progress” in terms of improving sales figures and its efforts to reconnect with its core customers, but that the home department remains an area of weakness in terms of sales trends. In a statement issued this morning, the retailer said September same-store sales wereMore »

Last updated: October 8, 2013

Hodges Tabbed to Lead Home Merchandising for J.C. Penney

Jan Hodges

PLANO, Texas-Jan Hodges has been named senior vice president and general merchandise manager for home at J.C. Penney. The appointment goes into effect on Nov. 1. Hodges succeeds Paul Rutenis, who left the retailer in July. Hodges will be responsible for the merchandising of the retailer’s entire home department. She will report to Liz Sweney,More »

Last updated: October 4, 2013

Pier 1 Tabs Hunter to Head Marketing Efforts

Eric Hunter

FORT WORTH, Texas-Former J.C. Penney executive Eric Hunter has been named executive vice president of marketing for Pier 1 Imports. Hunter has assumed responsibility for the retailer’s integrated marketing efforts and for enhancing its brand image. Before joining the company, he was senior vice president of marketing and acting chief marketing officer for J.C. Penney,More »

Last updated: September 24, 2013

Cuban Joins the JCP Fun

Mark Cuban

Just when J.C. Penney’s shareholders thought that things would finally quiet down, word has come that Mark Cuban has bought 1 million shares of its common stock. For those of you not familiar with Mr. Cuban, he is a very rich guy who built a billion-dollar-plus fortune through software and the Internet. He currently ownsMore »

Last updated: September 18, 2013

Vornado Chairman Roth Resigns from JCP Board as Company Looks to Sell Stake

Steven Roth

NEW YORK-In another high-profile exit, Steven Roth, chairman of Vornado Realty Trust, has resigned from the J.C. Penney board of directors. In addition, Vornado said in a filing with the U.S. Securities and Exchange Commission that Joseph Macnow, its executive vice president-finance and chief administrative officer, said “at a recent conference” that Vornado expects toMore »

Last updated: September 16, 2013

Bodum Sues J.C. Penney Over Shop Concept Agreement

BODUM_ShopAtJCPenney

NEW YORK-Bodum USA has filed suit against J.C. Penney alleging that the retailer breached the contract for the proposed shop concept involving the housewares manufacturer. In the suit, which was filed in New York State Supreme Court, Bodum said J.C. Penney failed “to  properly implement a program … to construct and feature Bodum’s merchandise inMore »

Last updated: September 12, 2013