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Tag: Marvin R. Ellison

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JCPenney announces 4Q 2017 financial and full year results

Fourth Quarter Comparable Sales Increase 2.6% Outstanding Debt Reduced by Over $600 Million in 2017 PLANO, Texas, 2018-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Mar. 2, 2018) announced financial results for its fiscal fourth quarter and full year ended Feb. 3, 2018. Comparable sales increased 2.6 % for…
March 6, 20180Comments

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Business Home Decor Management Retail Retailer

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…
March 6, 20180Comments

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JCPenney highlights its sustainability and community efforts in its 2017 Corporate Social Responsibility Report

PLANO, Texas, 2017-Nov-09 — /EPR Retail News/ — JCPenney announced today (Nov. 8, 2017)  the release of its 2017 Corporate Social Responsibility Report, highlighting the Company’s sustainability and community efforts across its operations worldwide. The report, which details activities for fiscal years 2015 and 2016, illustrates the Company’s ongoing commitment to the highest level of corporate…
November 9, 20170Comments

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Apparel Business Furniture Home Decor Management Retail Retailer

JCPenney elects Wonya Lucas to its board of directors

JCPenney elects Wonya Lucas to its board of directors   PLANO, Texas, 2017-Aug-21 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Aug. 17, 2017) announced the election of Wonya Lucas, president and chief executive officer of Public Broadcasting Atlanta, to its board of directors. Highly regarded for her mass communications and broadcasting leadership,…
August 21, 20170Comments

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Apparel Business Financial Furniture Home Decor Management Retail Retailer

J. C. Penney Company, Inc. to host 2Q 2017 financial results conference call on Friday, Aug. 11, 2017

PLANO, Texas, 2017-Aug-02 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) announced today (Aug. 1, 2017) that it will release its second quarter 2017 financial results on Friday, Aug. 11, at 7:30 a.m. ET. The news release will be followed by a live conference call and webcast conducted by Chairman and Chief…
August 2, 20170Comments

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Apparel Business Furniture Home Decor Management Retail Retailer

Jeffrey Davis joins JCPenney as executive vice president and chief financial officer

PLANO, Texas, 2017-Jul-27 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (July 24, 2017) announced that Jeffrey Davis is joining the Company as executive vice president and chief financial officer, effective today. He will succeed Andrew Drexler, who has been serving as interim chief financial officer while the Company completed its…
July 27, 20170Comments

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Apparel Business Financial Retail Retailer

JCPenney completes refinancing of its $2.35 billion senior secured asset-based revolving credit facility

Refinanced Revolving Facility Provides Improved Terms and Extended Maturity PLANO, Texas, 2017-Jun-21 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) announced today (June 20, 2017) that it has completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility. The amended and restated facility provides improved pricing terms and extends the…
June 21, 20170Comments

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JCPenney appoints Marci Grebstein as executive vice president, chief marketing officer

PLANO, Texas, 2017-May-24 — /EPR Retail News/ — JCPenney [NYSE: JCP] today (May 23, 2017) announced that Marci Grebstein will join the Company’s executive leadership team as executive vice president, chief marketing officer in June. A highly accomplished marketing executive, Grebstein brings over 20 years of retail marketing experience overseeing advertising campaigns, brand positioning, market analysis…
May 24, 20170Comments

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Business Management Retail Retailer

JCPenney launches B2B solutions for operators and facility managers in the hospitality and multi-unit residential industries

Retailer equipped to supply linens, towels, mattresses, window treatments and major appliances to hotels, vacation rentals and multi-unit properties PLANO, Texas, 2017-May-19 — /EPR Retail News/ —As JCPenney [NYSE: JCP] continues to diversify and explore new business opportunities, the Company is expanding upon its successful home refresh growth initiative by offering business-to-business solutions for operators and…
May 19, 20170Comments

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J. C. Penney Company to host 1Q 2017 financial results conference call on Friday, May 12

PLANO, Texas, 2017-May-02 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) announced today (May 1, 2017) that it will release its first quarter 2017 financial results on Friday, May 12, at 7:30 a.m. ET. The news release will be followed by a live conference call and webcast conducted by Chairman and Chief…
May 2, 20170Comments

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JCPenney, SEPHORA add 70 new SEPHORA inside JCPenney locations and 32 expansions

JCPenney, SEPHORA add 70 new SEPHORA inside JCPenney locations and 32 expansions   SEPHORA inside JCPenney Stores Offer Same-Day Pick Up of Online Orders Growth Spurs Expanded Assortment Online and the Hiring of Over 800 Beauty Consultants PLANO, Texas, 2017-Apr-25 — /EPR Retail News/ — JCPenney [NYSE: JCP] and SEPHORA are making beauty accessible to…
April 25, 20170Comments

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JCPenney announces the election of Debora Plunkett to its board of directors

Colleen Barrett to Retire from the Board in May PLANO, Texas, 2017-Mar-06 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE:JCP) today (March 2, 2017) announced the election of Debora Plunkett, former senior advisor to the director of the U.S. National Security Agency (NSA), to its board of directors. Possessing extensive experience in cybersecurity, information assurance…
March 6, 20170Comments

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Apparel Business Financial Furniture Management Retail Retailer

JCPenney achieves $1 Billion in EBITDA for Full Year 2016; a $477 Million Improvement

Operating Income Grew $292 Million in Fourth Quarter and $484 Million for Full Year PLANO, Texas, 2017-Feb-27 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Feb. 24, 2017) announced financial results for its fiscal fourth quarter and full year ended Jan. 28, 2017. Comparable store sales were (0.7) % for the…
February 26, 20170Comments

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Apparel Business Furniture Management Retail Retailer

JCPenney to close two distribution facilities and approximately 130 – 140 stores to optimize its retail operations

PLANO, Texas, 2017-Feb-27 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Feb. 24, 2017) announced it is implementing a plan to optimize its national retail operations as part of the Company’s successful return to profitability. Under the plan, the Company expects to close two distribution facilities and approximately 130 - 140 stores…
February 26, 20170Comments

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Apparel Business Financial Management Retail Retailer

J. C. Penney Company, Inc. to release its fourth quarter and full year 2016 financial results on February 24, 2017

PLANO, Texas, 2017-Feb-10 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) announced today (Feb. 9, 2017) that it will release its fourth quarter and full year 2016 financial results on Friday, February 24, at 7:30 a.m. ET. The news release will be followed by a live conference call and webcast conducted by…
February 10, 20170Comments

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JCPenney completes sale of its Home Office campus in Plano, Texas to Dreien Opportunity Partners, LLC for $353 million

JCPenney completes sale of its Home Office campus in Plano, Texas to Dreien Opportunity Partners, LLC for $353 million   PLANO, Texas, 2017-Jan-04 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) announced today (January 3, 2017) that it has completed the sale of its Home Office building and surrounding 45 acres of land…
January 4, 20170Comments

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Apparel Business Financial Home Decor Management Retail Retailer

J. C. Penney Company announces 3Q financial results

Net Loss improves 42 percent over the same period last year Company reaffirms its full year earnings and $1 billion EBITDA guidance PLANO, Texas, 2016-Nov-12 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Nov. 11, 2016) announced financial results for its third quarter ended Oct. 29, 2016. Comparable sales…
November 12, 20160Comments

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Apparel Business Management Retail Retailer

J. C. Penney Company announces election of Paul Brown, CEO of Arby’s Restaurant Group to its board of directors

J. C. Penney Company announces election of Paul Brown, CEO of Arby’s Restaurant Group to its board of directors   PLANO, Texas, 2016-Sep-23 — /EPR Retail News/ — J. C. Penney Company, Inc. (NYSE: JCP) today (Sept. 21, 2016)  announced the election of Paul Brown, chief executive officer of Arby’s Restaurant Group, Inc., to its board of directors.…
September 23, 20160Comments

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J. C. Penney announces the appointment of Marvin R. Ellison as its new chairman

PLANO, Texas, 2016-Jul-26 — /EPR Retail News/ — The Board of Directors of J. C. Penney Company, Inc. (NYSE: JCP) has appointed Chief Executive Officer Marvin R. Ellison to the additional position of Chairman, effective August 1, 2016. Mr. Ellison succeeds Myron E. (Mike) Ullman, III who will be retiring in accordance with the transition plan…
July 26, 20160Comments

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