First plans emerge from new JCPenney CEO

JCPenney

JCPenney CEO Mike Ullman, who has returned to turn the retailer around following the departure of Ron Johnson last month, has outlined the first of his plans to improve the ailing business.

Mangone back in at JCPenney, Wooster out

JCPenney

JCPenney CEO Mike Ullman has rehired Ken Mangone and let Nickelson Wooster go.

JCPenney draws $850 million from revolving credit line

JCPenney

JCPenney will draw $850 million of its $1.85 billion revolving credit facility, and will look to raise more capital.

Guest Editorial: The new old JCPenney

Fred Rosenfeld

Fred Rosenfeld: When Ron Johnson took over as CEO of JCPenney, he laid off thousands. And then Johnson fired his customers.

JCPenney fires Johnson, rehires Ullman

Myron Ullman

JCPenney’s board of directors has let CEO Ron Johnson go and rehired former chief executive Myron “Mike” Ullman.

JCPenney gets new board chairman

JCPenney-newlogo

Mike Ullman is stepping down as executive chairman of the JCPenney board and Thomas J. Engibous, a board member since 1999, will become chairman.

JCPenney swings to Q3 loss

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JCPenney swung into a net loss in the third-quarter as the company was hit by restructuring charges and lower sales.

JCPenney posts flat Q2 profit

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Discounting and cost-cutting efforts have contributed to a flat second quarter profit at department store retailer JC Penney Company Inc.
The Plano, Texas based company said the performance of a number of exclusive and private brands including Liz Cla…

New JCPenney CEO to undergo 3-month transition

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PLANO, Texas—JCPenney’s board of directors released further details today about Ron Johnson’s transition schedule as he takes over for Mike Ullman as CEO. The retailer had previously reported that former Apple Computer retail head Johnson would join JCPenney’s board in August and become chief executive in November. Now, the board has said that Johnson will […]

Apple’s Johnson to succeed Ullman at JCPenney

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PLANO, Texas—JCPenney announced today that Apple executive Ron Johnson will be its new CEO starting in November, reporting to Mike Ullman, who will stay on as executive chairman. Johnson will join the company board in August. Johnson, who spent 15 years of his career at Target Corporation, has spent the last 11 years as SVP […]