J.C. Penney is making several key additions to its management ranks — including a new chief merchant — as Jill Soltau, who took the reins as CEO last fall, continues to build her team.
J.C. Penney is trimming its real estate footprint as it looks to allocate its resources to stores and initiatives that offer the greatest long-term value potential.
Although this was a jolly holiday for most retailers, there was little cheer for J.C. Penney where comparable sales dropped by 5.4% on an unshifted basis.
