Tag Archives: Myron Ullman III

J.C. Penney, MSLO Revise Agreement; Macy’s to Await Court’s Ruling

Martha Stewart

NEW YORK—J.C. Penney and Martha Stewart Living Omnimedia (MSLO) announced that they have cut a new agreement to reduce the number of product categories in J.C. Penney’s MarthaHome collection. Meanwhile, Macy’s said it will wait for rulings on its lawsuits against MSLO and J.C. Penney from New York State Supreme Court Judge Jeffrey Oing. Macy’sMore »

J.C. Penney Adopts “Poison Pill” Stockholder Rights Plan

J.C. Penney

PLANO, Texas-The J.C. Penney board of directors has adopted a stockholder rights plan generally referred to by the investment community as a “poison pill.” According to a filing with the U.S. Securities and Exchange Commission, the plan restricts any person or group from acquiring 10 percent or more of the retailer’s outstanding common stock, andMore »

J.C. Penney Q2 Loss Widens; New Home Format Falling Short

J.C. Penney

PLANO, Texas-The second quarter brought a new flow of red ink to J.C. Penney’s bottom line, along with indications that the strategy for the home department put in place by the retailer’s previous CEO, Ron Johnson, has not worked with shoppers. The company’s net loss in the quarter, which ended on Aug. 3, was $586More »

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 »