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Do “Price Events” Show a New Flexibility in JCPenney’s No-Sale Policy?

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Plano, TX—Shares of JCPenney edged up this week after plummeting upon the department store’s third quarter report in November. Some retail analysts suggests that the market is reacting to JCPenney’s recent sales promotion offers. When Ron Johnson, JCP’s chief executive, announced nearly a year ago that the retailer would no …

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JCPenney Eliminates 350 More Jobs at “Leaner” Home Office

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Plano, TX—Saying that JCPenney’s “leaner and more simplified operating structure is fundamentally complete,” Ron Johnson, the retailer’s ceo, said today that another 350 employees would be eliminated from its headquarters here. “In April, we began right-sizing our headquarters from a people perspective to align our teams with JCPenney’s new business …

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JCPenney President Departs, CEO Johnson to Assume Duties

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People

Plano, TX—Michael Francis, the former Target chief marketing officer hired to help get the message out about JCPenney’s transformation, has left the company, JCPenney said Monday. Francis, who was president at JCPenney, left the company effective Monday. Chief executive officer Ron Johnson will assume Francis’ marketing, merchandising and sourcing duties. …

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JCPenney Eliminates Sales Commissions as Part of New Strategy

In Industry News, Reports, What's New by Accessories Staff1 Comment

Plano,TX—As JCPenney’s CEO Ron Johnson continues to roll out “transformative Fair and Square” changes in the department store, the latest casualty is apparently commissioned sales associates. Earlier this week the Dallas Morning News reported that sales associates in shoes, jewelry, salon, furniture and men’s suits were told they would no …