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J.C. Penney names Home Depot VP of stores as president and next CEO
Plano, Texas -- J.C. Penney on Monday appointed Marvin Ellison president and CEO-designee, effective Nov. 1. Ellison, executive VP of stores for Home Depot, will also join the company’s board of directors.
Ellison, 49, will succeed Mike Ullman, III, as CEO of Penney on Aug. 1, 2015, when Ullman will become executive chairman of the board for one year.
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ECRM: Retail circular advertising trends, September 2014
ECRM compared retail circular advertising in September 2013 versus September 2014 and noted trends occurring across top retail chains. In the aftermath of back-to-school season, Walmart and Staples appear to be trying to clear out all remaining school and office supplies. Staples accomplished this by improving its previous offer of $5 off with purchase of $30 to $10 off and also cut backpack prices by 50%. Walmart shifted the focus from school to office, with a “Run Your Business for Less” promotion.

