JCPenney Co.

Staten Island Mall announced that the 1.2-million-sq.-ft. property will undergo a much anticipated multi-million dollar redevelopment that will add interior and exterior upgrades, new fashion retailers, restaurants, a Fairway Market and public piazza for guests to gather and enjoy events year-round, including a farmers market, holiday festivities, fashion shows and community fundraisers.

Enhancements also include the ability for Macy’s to expand.

Plano, Texas – Deb Berman, chief marketing officer of The J.C. Penney Co. Inc., has left the company. In a statement, J.C. Penney said Berman left of her own accord.

Berman came to Penney from Kraft Foods Group in August 2013, as part of CEO Mike Ullman’s attempt to rebuild the retailer’s management team.  She served at Kraft as VP of marketing and engagement and also had prior experience working at advertising agencies.
 

JCPenney has lost its chief marketing officer at a time when the company has been trying to rebuild its brand image.

Denton, Texas -- Fashion-forward retailer H&M will open a new store at Golden Triangle Mall, in Denton, Texas. The 23,000-sq.-ft. location is slated to open fall 2015, bringing its Texas store count to 15.

Golden Triangle Mall has recently undergone a redevelopment, with new entrances and facades, center court, performance area and other enhancements. The 765,000-sq.-ft. enclosed mall is owned by GTM Development, a partnership between The McHerring Group and Cencor Realty Services, and is anchored by J.C. Penney, Dillards, Macy’s and Sears.

Walter J. Salmon, the distinguished Harvard Business School professor who influenced generations of retailers, has died at the age of 84.

Salmon, long one of the world’s leading experts on retailing, retail distribution, and marketing, who for more than 40 years influenced thousands of students, executives and other academics, was the school’s Stanley Roth Sr. Professor of Retailing Emeritus.

Boston – Kohl’s will be pleased to hear that women love shopping for clothes there. According to a new survey from Piper Jaffray, a leading 12% of female consumers selected Kohl’s as their preferred clothing brand/store/website for spring 2015. Macy’s took second place with 9%, followed by J.C. Penney and Wal-Mart (7%) and Amazon (5%).

Kohl’s has taken the top spot in Piper Jaffray’s biannual survey since fall 2013.

Los Angeles -- Ron Johnson is sweet on teen fave Nasty Gal. The online edgy- fashion retailer recently closed $16 million in funding to support its growth. The round was led by former Apple retail chief and Penney CEO Ron Johnson, who also joined the company’s board.

By Ryan Condren, CPEX Real Estate