Mangone back in at JCPenney, Wooster out

JCPenney

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

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.

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

JCPenney-newlogo

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 […]

Brands help JCPenney to 7% Q1 profit rise

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Retailer JC Penney posted a 6.7% increase in first quarter profits, boosted by the performance of a number of exclusive and private brands.
Names such as Liz Claiborne, Worthington and St John’s Bay, alongside Sephora, MNG by Mango, Call It Sprin…

Exclusive brands help JC Penney to Q4 profit hike

JCPenney-newlogo

Adding more exclusive brands such as Liz Claiborne to its line-up has attracted new customers, helped lift sales, and driven a 35.5% hike in fourth quarter profit at department store retailer JC Penney Company Inc. The Plano, Texas based retailer on F…

JC Penney repositions with new logo

JCPenney-newlogo

US department store retailer JC Penney has unveiled a new logo as part of efforts to boost sales and cast itself as a more modern retailer.
The changes have been revealed a month after the Plano, Texas based firm said it was planning to close six under…

JCPenney names Dastugue CFO

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Retailer JC Penney Company has announced three senior executive appointments, including Michael Dastugue as the company’s new CFO.
Dastugue succeeds Robert Cavanaugh, who is stepping down after 32 years with the company, but who will continue to …