Tag Archives: J.C. Penney

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 »

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 »

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 »

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 »

(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 »

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 »

J.C. Penney Q2 Loss Expands as Sales and Margins Weaken

J.C. Penney Slims 3Q Loss, But Sales Fall 26.6 Percent

PLANO, Texas-Even though the company presented it as a quarter of progress, J.C. Penney’s third-quarter net loss widened from $123 million last year to $489 million this year. The loss grew as a result of declines in sales and in margins. Net sales for the quarter, which ended on Nov. 2, were down 5.1 percentMore »

A Lesson in Retail

Michael Gould

Last week brought the announcement that Michael Gould will step down as head of Bloomingdale’s this coming February. Gould is preparing to leave the scene at a time when the business world is wondering whether two other iconic retailers, J.C. Penney and Sears, will survive. The two chains have taken different routes to get toMore »