Ullman is Already Cleaning Up Johnson's Mess at JCPenney (JCP)
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UPDATE: Ackman says JCPenney (JCP) will restart coupon circulars in newspapers
April 11, 2013 2:02 PM EDT(Updated - April 11, 2013 2:14 PM EDT)
Pershing Square's Bill Ackman says JCPenney (NYSE: JCP) will restart coupon circulars in newspapers.
Ackman also noted that the "physical presence" of a CEO is crucial to a turnaround and that the lack of... More
UPDATE: Macy's (M) didn't show Martha Stewart (MSO) broke contract terms- Judge
April 10, 2013 3:58 PM EDT(Updated - April 10, 2013 4:14 PM EDT)
Macy's (NYSE: M) didn't show Martha Stewart Omnimedia (NYSE: MSO) broke contract terms, according to the judge in the case.
UPDATE - New York State Supreme Court Justice Jeffrey K. Oing... More
Ron Johnson's Legacy? Most Say They Never Shop at JCPenney (JCP)
April 9, 2013 1:48 PM EDTDoes it matter that Ron Johnson is no longer leading JCPenney (NYSE: JCP)?
The question was posed on the Yahoo! Finance homepage: "J.C. Penney dumped CEO Ron Johnson after 17 months on the job. How often do you shop at Penney?"
Unsurprisingly,... More
J. C. Penney (JCP) Details Compensation of Incoming CEO Ullman; Will Get $1M Salary
April 8, 2013 5:39 PM EDTOn April 8, 2013, J. C. Penney Company, Inc. (NYSE: JCP) issued a press release announcing that Ron Johnson is stepping down and leaving the Company as Chief Executive Officer and a member of the Board of Directors. Mr. Johnsons departure is not the result of any disagreement with the Company or the Board of Directors on any matter relating to the Companys operations, policies or practices. (c) On April 8, 2013, the Company announced that Myron E. Ullman, III, 66 will serve as the Companys Chief Executive Officer, effective immediately. Mr. Ullman previously served as... More
JCPenney (JCP) Could Take Another Hit on Huge Martha Stewart Inventory Pile
April 8, 2013 8:23 AM EDTJCPenney's (NYSE: JCP) worries are far from over.
According to the NY Post on Monday, the tussle over an agreement with Martha Stewart Omnimedia (NYSE: MSO) has JCPenney up in arms...and preparing for the worst. Sources said that JCPenney is scrambling to procure non-Martha... More
