jcpenny news and archive

J.C Penney announces executive changes

J. C. Penney Company has taken steps to enhance its organisational structure and promote collaboration in support of the company's leading private brand portfolio. After 39 years with the company, Ken Mangone, EVP, product development, design and sourcing, is retiring effective April 1, 2016. Val Harris; former vice president of product...

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J.C Penney announces executive changes

J. C. Penney Company has taken steps to enhance its organisational structure and promote collaboration in support of the company's leading private brand portfolio. After 39 years with the company, Ken Mangone, EVP, product development, design and sourcing, is retiring effective April 1, 2016. Val Harris; former vice president of product...

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JCPenney names Joe McFarland as Executive VP of Stores

J. C. Penney Company has appointed Joe McFarland as Executive Vice President of Stores, effective immediately. McFarland brings over 20 years of retail operations experience to JCPenney, and succeeds Tony Bartlett. "Joe is an outstanding, solutions-driven leader with a proven track record of implementing in-store omnichannel initiatives, driving...

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JCPenney Holiday comparable sales up, reaffirms FY15 guidance

J. C. Penney Company’s comparable store sales for the combined nine-week November and December period resulted in a 3.9 percent increase over the same period last year, which equates to a 7.6 percent two-year stack of comparable store sales for the same time period. The company also reaffirmed its full-year adjusted EBITDA target of 645 million...

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JCPenney appoints Therace Risch as Chief Information Officer

J. C. Penney Company has roped in Therace Risch as Executive Vice President, Chief Information Officer, effective immediately. Risch joins JCPenney from Country Financial, and succeeds Scott Laverty. "Therace is an outstanding IT professional with an extensive background of merging innovative retail technologies and powerful applications to...

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Mary Beth West joins JCPenny as EVP, Chief Customer & Marketing Officer

Mary Beth West, is joining JCPenny’s executive leadership team as Executive Vice President and Chief Customer and Marketing Officer effective June 1, 2015. She will be stepping down from her position on its board of directors to assume this new role. West has been a member of the JCPenney board since 2005 and has served in numerous leadership...

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JC Penney comparable store sales up 4.4 percent in FY14 and Q4

JC Penney Company, for its fiscal fourth quarter and full year ended January 31, 2015 reported comparable store sales growth of 4.4 percent. The combination of this sales improvement, stronger gross margins and decreasing SG&A expense resulted in a 1.1 billion dollars increase in EBITDA for the year. Commenting on the development, Myron E....

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