Mike Kramer

Report: JCPenney Hires Consultants to Raise $1 Billion


Plano, TX—Beleaguered JCPenney, which fired its CEO Monday after only 17 months, reportedly has hired the Blackstone Group LP’s … [Read more...]

JCPenney to Cut 900 Jobs, to Operate “Like a Start-up”

Attention Getter: Ron Johnson, JCPenney's CEO

Plano, TX—Saying that “companies must streamline in order to leap forward,” Ron Johnson, JCPenney’s ceo, said Thursday that the … [Read more...]

JCPenney’s New Strategy Includes $900M in Expense Cuts


New York—A day after Ron Johnson, JCPenney’s ceo, announced a transformative price strategy for the department store, the company … [Read more...]