Juicy JCPenney (JCP) Perks Cease with Johnson Exit; Several Execs to Leave
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Wooster Flew the Coop: JCPenney (JCP) Affirms Exit of Design Head; Mangone Returns
April 17, 2013 12:14 PM EDTFollowing up from a NY Post article earlier, a spokesperson from JCPenney (NYSE: JCP) affirmed that Nick Wooster left the company.
Coming in will be Ken Mangone, who left the company last fall. He'll be taking on the role of executive vice... More
Buckingham Research Upgrades J. C. Penney (JCP) to Buy
April 15, 2013 8:49 AM EDTBuckingham Research upgraded J. C. Penney (NYSE: JCP) from Neutral to Buy with a price target of $23.00.
For an analyst ratings summary and ratings history on J. C. Penney click... More
JCPenney (JCP) Draws $850M from Revolving Facility to Bolster Financial Flexibility
April 15, 2013 8:32 AM EDTJCPenney Company, Inc. (NYSE: JCP) announced plans to enhance the Company's financial flexibility and position. As part of that process, and consistent with its previously stated plans, the Company has drawn $850 million out of its $1.85 billion committed revolving credit facility. Proceeds will be used to fund working capital requirements and capital expenditures, including... More
UPDATE: JCPenney (JCP) Appoints Mike Ullman as CEO, Succeeding Ron Johnson
April 8, 2013 5:18 PM EDT(Updated - April 8, 2013 5:20 PM EDT)
The Board of Directors of J.C. Penney Company, Inc. [NYSE: JCP], today announced that Myron E. (Mike) Ullman, III has rejoined the Company as Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors. Mr. Ullman is a highly accomplished retail industry executive, who served as CEO of jcpenney until late 2011. He succeeds Ron Johnson, who is stepping down and leaving the Company.
Thomas Engibous, Chairman of the Company's Board of Directors, said, "We are fortunate to have someone with Mike's proven experience and... More
