Myron "Mike" Ullman


JCPenney Q2 Loss Nearly $600 Million, Sales Down 12%

JCPenney

Plano, TX—No one was expecting good news at JCPenney’s second quarter report released today, but the struggling department store … [Read more...]

The Controversial William Ackman Leaves JCPenney’s Board

Bill Ackman

Plano, TX—In an effort to calm the riff that erupted publicly among JCPenney’s board of directors, William Ackman, the activist … [Read more...]

Battle Lines Between JCPenney Board, William Ackman Growing

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

Plano, TX—Ahead of JCPenney’s second quarter earnings report scheduled for next week, the latest news about the retailer centers … [Read more...]

JCPenney’s Largest Shareholder and Board in a Public Spat

William Ackman, founder/ceo of Pershing Square Capital, the hedge fund that is JCPenney's largest shareholder.

Plano, TX—In fighting among JCPenney’s board of directors heated up today with William Ackman, whose Pershing Square Capital is … [Read more...]

JCPenney Steps Up Search for Permanent CEO?

JCPenney

Plano, TX—After seeing its shares plummet on Wednesday to their lowest in more than 12 years, JCPenney saw its shares jump nearly … [Read more...]

JCPenney Again Denies Rumors as Shares Take a Hit

JCPenney

Plano, TX—Shares of JCPenney took another beating today as the beleaguered department store once again had to quash rumors that it … [Read more...]

JCPenney Taps Top Kraft Executive to Be Marketing Chief

JCPenney

Plano, TX—JCPenney today filled a longstanding vacancy on its top executive list. Confirming rumors, the department store named … [Read more...]

Another Vestige of Johnson-Era JCPenney Ends

JCPenney

Plano, TX—Another top executive brought into JCPenney during the tenure of ousted CEO Ron Johnson has left. What’s more, her … [Read more...]

JCPenney Reinstates Dress Code for Associates

JCPenney

Plano, TX—Myron “Mike” Ullman, the interim chief executive who returned to steer JCPenney after the disastrous tenure of Ron … [Read more...]

JCPenney Q1 Loss More Than Doubles

JCPenney recently hailed the return of its private label brand, St. John's Bay, which Ron Johnson had eliminated.

Plano, TX—"We recognize the magnitude of the challenges that we face, and we believe we can put JCPenney back on a pathway to … [Read more...]

JCPenney Warns Its Q1 Sales Will Be Down 16.4%

JCPenney

Plano, TX—Ahead of its first quarter earnings report next week, JCPenney revealed Tuesday night that its total sales and … [Read more...]

JCPenney to Customers: “We Learned From Our Mistakes”

JCP Listens

Plano, TX—It’s a seldom seen tactic from a major retailer: apologizing to its customers for a litany of mistakes. But if you’re … [Read more...]