Grebstein most recently served as chief marketing officer for Lowe’s Home Improvement, where she was instrumental in driving an integrated and data-driven omni-channel marketing.
The company reported net sales of $2.7 billion in the first quarter of 2017 compared to $2.8 billion last year, with a net loss of $180 million.
The company plans to release a full list of planned closures in mid-March pending notification of all affected personnel. Nearly all impacted stores are expected to close in the second quarter of 2017.
Ellison will be honored at the 76th Annual of Father of the Year Awards at the New York Hilton Hotel on Thursday, June 15 at 12:00pm.
The company previously announced that upon the transfer of ownership, JCPenney would lease back approximately 65 percent of the building, leaving the remaining square footage available for new tenants.
Russell Simmons is a happy guy. After building his Argyleculture brand in Macy’s, the hip-hop legend and clothing designer is now growing it big-time with JCPenney.
As part of the evening, the YMA Fashion Scholarship Fund will honor Tighe as Retailer of the Year and Person will be honored as Wholesaler of the Year.
JCPenney is targeting millennial men through the introduction and expansion of such brands as Argyleculture by Russell Simmons, i jeans by Buffalo and Decree, which will complement its existing brands.
Texas-based retailer JCPenney presented a three-year plan for accelerated growth and outlined its expectations for improved performance beyond 2017.
Ellison succeeds Myron E. (Mike) Ullman, III who will be retiring in accordance with the transition plan that the company outlined in 2014.
J.C. Penney now expects an EBITDA of $1 billion, which will result in positive adjusted earnings per share, as well as an increase in comparable store sales in the 3-4 percent range.
JCPenney and Michael Strahan are teaming up once again, this time to launch MSX by Michael Strahan, an exclusive new line of active lifestyle apparel for men.
J. C. Penney Company, Inc. has reported store sales grew 4.1 percent for the fourth quarter and 4.5 percent for the full year.
Nordstrom, Macy’s and JCPenney are among the retailers who offer the best gift cards for holiday shoppers,according to a new report from personal finance website GOBankingRates.com.
National retailer JCPenney delivered mixed financial news as it delivered lower quarterly earnings, but strong same store sales.
JCPenney celebrated last month’s introduction of its “Collection by Michael Strahan” with a blow-out party on September 30.
The menswear collection features tailored suit separates, sportcoats, dress shirts, neckwear, belts and accessories.
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 …
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 …
Former JCPenney employee Robert Blatchford has filed a claim against the retailer under the State of Florida’s Private Whistleblower Act.
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