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JCPenney Co.

  • Home Depot expands Power’s operations role

    Veteran Home Deport operations executive Marc Powers has been elevated to the role of EVP of U.S. stores as part of an ongoing leadership transformation.

    Few people know Home Depot from the ground up the way Powers does. He began his career with the company in 1986 as an hourly employee and over the course of the past 28 years served as store manager, district manager and regional vice president. He most recently served as SVP of operations for the company’s nearly 2,000 U.S. stores.

  • Home Depot promotes Marc Powers to U.S. stores head

    Atlanta -- The Home Depot announced that it has named Marc Powers executive VP, U.S. stores, effective Nov. 1, 2014. He replaces Marvin Ellison, who was recently named president and CEO designee of J.C. Penney Co.  

  • Smaller, More Agile Retailers are Winning Big and Here’s Why

    By Gary Ambrosino, President and CEO of TimeTrade   Hidden in the onslaught of negative headlines about former retail heavyweights, like JC Penney and Sears, is a slew of less-publicized, good news from smaller—many formerly online-only—retailers that are not only weathering the storm but are thriving.   

  • About Penney’s CEO in waiting

  • 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.

  • Report: Retailers form anti-theft alliance with NYPD

    New York – More than 100 retailers, including Macy’s and J.C. Penney, have reportedly joined forces with the New York Police Department to create the Metropolitan Organized Retail Crime Alliance. According to the New York Daily News, the alliance will share information on criminals and scams targeting retailers and their customers.

  • Report: Ron Johnson to launch on-demand delivery service

    New York -- Ron Johnson is reportedly stepping back into the public arena. The former J.C. Penney chief (and, before that, Apple retail head) is about to launch a “high-end, on-demand delivery service” for electronic devices, according to The Information. The report described the service as "Best Buy's Geek Squad meets Apple's Genius Bar."

  • J.C. Penney offers $350 million of senior notes

    Plano, Texas – J.C. Penney Company Inc. is raising capital by selling $350 million worth of senior notes due in 2019. The proceeds will mostly be used by pay off fees and expenses related to previous senior notes offering coming due in 2015, 2016 and 2017.

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