JCPenney announces leadership appointments

Company initiates personnel actions to streamline job functions and reduce expenses

PLANO, Texas, 2018-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (March 2, 2018) announced the appointment of Joe McFarland as executive vice president and chief customer officer, a newly-expanded role that includes responsibility for merchandising, as well as leading all JCPenney store operations. To ensure the positive momentum of its merchandising transformation, Jodie Johnson has been promoted to head of merchandising for women’s, beauty and family footwear; and James Starke has been promoted to head of merchandising for men’s, children’s, home and jewelry, both reporting to McFarland. Additionally, Therace Risch, will assume the combined titles of Chief Information Officer and Chief Digital Officer to reflect her added responsibility for omnichannel retail. As a result of this appointment, Mike Amend will be leaving the Company.

“Joe, Therace, Jodie and James are remarkable executive leaders who have demonstrated their ability to spearhead critical tasks and drive results and efficiencies along the way. Joe is a dedicated advocate for our associates, and knows first-hand how successful we can be when associates are empowered to deliver the best shopping experience possible. Jodie and James are credited for leading the turnaround of our merchandising strategy, and will continue to advance this effort by delivering the best assortment of style and value offered by any retailer. Appointing both Jodie and James to lead our merchant teams will ensure that we push merchandising decisions closer to the division heads and buyers for increased speed and efficiency. Furthermore, Therace understands the power of technology, and how it can significantly influence and enhance the way consumers shop and ultimately, be the point of differentiation on where they choose to buy,” said Marvin R. Ellison, chairman and chief executive officer for JCPenney. “By merging these critical retail functions under the oversight of four proven leaders, we can better align our operations to ensure every aspect of the business is focused on the customer experience.”

Home Office and Field Actions
As part of ongoing efforts to manage expenses, simplify operations and streamline workload in support of the Company’s long-term growth and profitability, approximately 130 Home Office positions were eliminated across various departments. Additionally, JCPenney recently restructured its group, regional, district and store support teams. This restructure eliminated bureaucracy, reduced support positions and reallocated store headcount to customer-facing positions. While the restructuring enabled the vast majority of impacted associates to assume a new role or leadership position within the stores organization, approximately 230 positions were subsequently eliminated. The annual cost savings generated from the home office and store reorganization are estimated at approximately $20-$25 million.

“As the Company continues to make progress on its strategic framework and implement new processes and organizational efficiencies, it is imperative that we maintain a thoughtful approach to managing expenses, while effectively supporting the needs of the business,” added Ellison. “I would like to thank Mike Amend for his service with the Company and wish him well in his future endeavors. Through his hard work, JCPenney has advanced its omnichannel capabilities, laying the groundwork for further innovation and growth.”

About JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation’s largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney’s worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of approximately 100,000 associates across the globe, all driving toward the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect” and similar expressions identify forward-looking statements, which include, but are not limited to, statements regarding sales, cost of goods sold, selling, general and administrative expenses, earnings, cash flows and interest expense. Forward-looking statements are based only on the Company’s current assumptions and views of future events and financial performance. They are subject to known and unknown risks and uncertainties, many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels, changes in store traffic trends, the cost of goods, more stringent or costly payment terms and/or the decision by a significant number of vendors not to sell us merchandise on a timely basis or at all, trade restrictions, the ability to monetize assets on acceptable terms, the ability to implement our strategic plan including our omnichannel initiatives, customer acceptance of our strategies, our ability to attract, motivate and retain key executives and other associates, the impact of cost reduction initiatives, our ability to generate or maintain liquidity, implementation of new systems and platforms, changes in tariff, freight and shipping rates, changes in the cost of fuel and other energy and transportation costs, disruptions and congestion at ports through which we import goods, increases in wage and benefit costs, competition and retail industry consolidations, interest rate fluctuations, dollar and other currency valuations, the impact of weather conditions, risks associated with war, an act of terrorism or pandemic, the ability of the federal government to fund and conduct its operations, a systems failure and/or security breach that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information, legal and regulatory proceedings and the Company’s ability to access the debt or equity markets on favorable terms or at all. There can be no assurances that the Company will achieve expected results, and actual results may be materially less than expectations. Please refer to the Company’s most recent Form 10-Q for a further discussion of risks and uncertainties. Investors should take such risks into account and should not rely on forward-looking statements when making investment decisions. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We do not undertake to update these forward-looking statements as of any future date.

Media Relations:
(972) 431-3400
jcpnews@jcp.com
follow us at @jcpnews on Twitter.

Investor Relations:
(972) 431-5500
jcpinvestorrelations@jcpenney.com

Source: J. C. Penney Company, Inc.

Wegmans Food Markets announces leadership appointments at its Charlottesville store, opening Nov. 6

CHARLOTTESVILLE, VA, 2016-Sep-29 — /EPR Retail News/ — Wegmans Food Markets today (09/28/2016 ) announced the leadership team spearheading the management of its Charlottesville store, opening Nov. 6 at 5th Street Station on the intersection of Interstate 64 and 5th Street. The Charlottesville leadership team consists of the store manager, executive chef, pharmacy area manager, and three area managers who each supervise several departments. Together, this group has more than 130 years of experience working for the 100-year-old family-owned company.

Wegmans Charlottesville is a 120,000 square-foot supermarket that includes a Market Café with indoor and outdoor seating for nearly 250, as well as The Pub, an in-store full-service family restaurant known for fresh, seasonal food and local craft beer. Visit www.wegmans.com/charlottesville for store details, Wegmans Shoppers Club sign up, driving directions, and a countdown to the grand opening.

The Wegmans Charlottesville leadership team is as follows:

Store Manager Chris DePumpo
After graduating from Elmira College, Chris DePumpo worked for a drug store chain and a different grocery company in his hometown of Sayre, PA. His Wegmans career began in 1993 as a night manager in Johnson City, NY. DePumpo later moved back to Pennsylvania, working for Wegmans stores in Scranton and Wilkes Barre. He went on to become a merchandising area manager in the company’s first Maryland store, located in a suburb of Baltimore. From there, he trained in perishable departments to prepare for his next assignment as store manager in Fredericksburg, VA in 2009. DePumpo and his family moved to Charlottesville in 2015 to begin building and developing his team of 550 in preparation for the Charlottesville store opening.

Executive Chef Jason Voos
Jason Voos got his love of cooking from his grandmother who made traditional Polish meals from scratch. His first part-time job was in the seafood department at Wegmans in his hometown of Pittsford, NY. He later became a Wegmans management intern, learning through hands-on rotations in each department. After graduating from Johnson & Wales University, Voos continued working his way up as a cook, culinary team leader, sous chef, and then executive chef. He will oversee the culinary team that provides the restaurant-quality prepared foods Wegmans is known for, with mix and match self-serve food bars, subs, hot soup, fresh sushi, The Pub, and more – all for in-store dining or takeout. Chef Voos lives in Louisa.

Pharmacy Area Manager Kim Elliott, Pharm D.
Kim Elliott, Pharm D., joined Wegmans in 2005 as a part-time cashier in Corning, NY. There she honed her customer service skills and also worked at the Wegmans Organic Farm before becoming a pharmacy technician and intern while attending the Albany College of Pharmacy and Health Sciences. After graduation, Elliott relocated to Northern Virginia to support Wegmans pharmacies. As pharmacy area manager, she will now lead the Charlottesville pharmacy and its staff, helping employees and customers live healthier, better lives. Pharmacy services include immunizations, auto-refill of prescriptions, free home shipping, pet medications, and competitively low prices on select generic prescriptions.

Perishable Area Manager Carl Shubert
Carl Shubert began working at Wegmans in 1984 and has experience in a variety of positions, including customer service in produce, produce department manager, service team leader, front end manager, general merchandise, service area manager, and merchandising area manager. As perishable area manager in Charlottesville, he will oversee product quality, sales, and employee development for the produce, floral, bakery, seafood, meat, cheese, and deli departments. Shubert will ensure Wegmans’ high standards for the freshest ingredients are met and employees are prepared to share in-depth food knowledge with Wegmans customers. Shubert resides in Louisa.

Merchandising Area Manager Michael Ryan
Michael Ryan became a Wegmans employee in 1989. A Louisa resident, he previously served as a meat clerk, seafood team leader and department manager, research and development manager, service team leader, and service area manager. In his role at the Charlottesville store, he’ll supervise employee development, merchandising and sales for several departments, including grocery, dairy, frozen foods, Nature’s Marketplace and general merchandise. Ryan will work collaboratively across the store to ensure that products are well stocked and beautifully displayed to make grocery shopping outstanding for Wegmans customers.

Service Area Manager Mike McCarthy
Mike McCarthy resides in Charlottesville and has been a Wegmans employee since 1993. A graduate of the University of Rochester, he started with Wegmans as a front end coordinator before taking on roles as a night manager, front end manager, and service area manager. At Charlottesville, he will lead the front end, service desk, helping hands (parking lot attendants) and accounting office. McCarthy will ensure incredible customer service is delivered every day, which is a point of distinction at Wegmans. He will also oversee local community giving, carrying out Wegmans’ commitment to make a difference in every community it serves.

Wegmans Food Markets, Inc. is a 91-store supermarket chain with stores in New York, Pennsylvania, New Jersey, Virginia, Maryland, and Massachusetts. The family-owned company, recognized as an industry leader and innovator, is celebrating its 100th anniversary in 2016. Wegmans has been named one of the ‘100 Best Companies to Work For’ by FORTUNE magazine for 19 consecutive years, ranking #4 in 2016.

Contact Information:

Valerie Fox
Wegmans media relations coordinator
585-720-5713

Source: Wegmans Food Markets