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JCPenney Narrows Q1 Loss, Raises FY Guidance

In News by Olivia Lyons

For the first quarter ending May 2, 2015, JCPenney reported net sales of $2.86 billion compared to $2.80 billion in the first quarter of 2014. The company narrowed its Q1 loss to $167 million, or 55 cents per share, from the previous year’s net loss of $352 million, or $1.15 …

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JCPenney Hires Mary Beth West as New CMO

In News by Elise Diamantini

Mary Beth West, who served on JCPenney’s board of directors since 2005, will resign from that position to become the retailer’s latest EVP, chief customer and marketing officer, effective June 1. “Mary Beth’s contributions to the Board have been invaluable,” said Myron E. (Mike) Ullman, III, chief executive officer of …