Tag Archives: J.C. Penney

Chris Madden Relaunches Textiles Line with Idea Nuova Global

Chris Madden Style

NEW YORK-Chris Madden Inc. is partnering with Idea Nuova Global on a line of textiles that will mark the designer’s re-emergence in this category. The new collection will consist of bedding, window treatments, throws and decorative pillows. It will make its first appearance at next month’s New York Home Fashions Market. Madden had previously offeredMore »

JCP Board Fight Continues as Ackman Calls for New Chairman

Bill Ackman

PLANO, Texas-The struggle within J.C. Penney’s board of directors continued with Bill Ackman releasing a second letter to the board calling for the replacement of Thomas Engibous as chairman by Allen Questrom. The controversy is over the pace at which the board is searching for a CEO to succeed Myron “Mike” Ullman. In the secondMore »

JCP Board, Ackman in Fight Over CEO Search

JCP

PLANO, Texas-The search for a J.C. Penney CEO successor to Myron “Mike” Ullman has turned into a battle of words—which could lead to the possible return of Allen Questrom. Yesterday, activist investor Bill Ackman, whose investment firm, Pershing Square Capital Management, owns nearly 18 percent of the retailer’s outstanding shares, issued a letter to theMore »

J.C. Penney Tabs Berman to Lead Marketing

Debra Berman

PLANO, Texas-Debra Berman has been named senior vice president of marketing for J.C. Penney. Berman, who assumed her new post effective last Friday, is responsible for leading the retailer’s marketing efforts. She will focus on revitalizing the J.C. Penney brand, building the brand’s architecture and communicating the brand’s promise. She reports directly to Myron UllmanMore »

J.C. Penney Denies Credit Problem with CIT

J.C. Penney

PLANO, Texas-Responding yesterday to various press reports, J.C. Penney said it is “untrue” that CIT Group, which factors some of the department store’s vendors, had stopped funding on some future merchandise shipments to the company. In a statement issued yesterday, J.C. Penney said it was told directly by CIT that the commercial credit provider “continuesMore »

MSLO Narrows Loss in Q2

MSLO

NEW YORK-Increased merchandising revenues and slimmed-down expenses helped reduce the second-quarter net loss for Martha Stewart Living Omnimedia (MSLO) from $2.7 million last year to $1.2 million this year. MSLO’s merchandising revenues registered an 11.2 percent gain in the quarter, which ended on June 30. Much of this, according to an MSLO statement, was dueMore »

JCP, Sears, QVC Drop Paula Deen Products

Paula Deen from Today Show interview

NEW YORK-J.C. Penney, Sears Holdings (parent of Sears and Kmart) and QVC have all discontinued Paula Deen-branded merchandise, in the wake of the controversy over racial slurs Deen admitted to using some time ago. Brief statements from J.C. Penney and Sears Holdings representatives to HFN confirmed that the two retail companies have ended their relationshipsMore »