Myron "Mike" Ullman


Marvin Ellison to Succeed Ullman at JCPenney

Marvin-Ellison

Dallas--JCPenney has found a permanent CEO to replace Mike Ullman next year. Marvin Ellison, the EVP of stores at Home Depot and a … [Read more...]

JCPenney Narrows Loss, Beats Expectations

JCPenney storefront

Plano, TX—Who would have thought just a year ago when JCPenney had vultures circling it, that a year later the department store … [Read more...]

Report: HSN CEO Turns Down Top Job at JCPenney

JCPenney

New York—JCPenney has had a litany of problems the last few years. The latest evidently is finding a new chief executive officer … [Read more...]

JCPenney Q1 Report Gives Optimism for Turnaround

JCPenney storefront

Plano, TX—A narrowed first quarter loss along with a rebound in comparable store sales by JCPenney gave hope that the department … [Read more...]

JCPenney Gets Pounce from “Improved” Q4 Report

JCPenney

Plano, TX—With its better-than-expected fourth quarter report released Wednesday afternoon JCPenney says it’s well on its way to a … [Read more...]

JCPenney Shares Drop Despite Positive Comp Sale Report

JCPenney

Plano, TX—Shares of JCPenney dropped to their lowest levels in 50 years on Tuesday despite the department store reporting its … [Read more...]

JCPenney Boasts Gains in Latest Sustainability Report

JCPenney storefront

Plano, TX—In many ways 2012 was the annus horribilis for JCPenney. The department store posted a $985 million loss, not to mention … [Read more...]

New Call to Replace JCPenney’s CEO

JCPenney CEO Myron "Mike" Ullman has been credited with being a stabilizing factor after the tumult of ex-CEO Ron Johnson's tenure.

Plano, TX—Just about four months after former board member and hedge fund owner William Ackman sold his stake in JCPenney after he … [Read more...]

Week in Review: Top Must-Read Articles

anna wintour

New York—It wasn’t as frigid this week as last, but many retailers probably felt a chill.Citing reasons such as light traffic, … [Read more...]

JCPenney to Close 33 Stores, Cut 2,000 Jobs

JCPenney Store

Plano, TX—JCPenney once again shook Wall Street analysts late Wednesday when the struggling retailer reported its plans to close … [Read more...]

Holiday Sales Results Come in at NRF Expectations

nrfxmas

New York—The U.S. Department of Commerce released today its December retail sales results which showed moderate increases. The … [Read more...]

Year in Review: Top Must-Read News from 2013

Hermes claimed victory this year in its long-running dispute with LVMH.

New York--If you had to name one subject that consistently made news throughout 2013, you would have to undoubtedly say … [Read more...]