-
Ex-Apple exec fulfills dream, becomes JCPenney CEO
PLANO, Texas — Things just got a whole lot more interesting in the mid-tier department store space now that JCPenney has hired former Apple executive Ron Johnson to be its CEO. Johnson is a former Target merchandising executive who for the past 11 years oversaw the growth of Apple’s wildly successful and widely heralded retail operation.
-
7-Eleven to convert Mother Hubbard c-stores to own banner
Chicago -- A Friday report by the Quad City Business Journal said that 7-Eleven will rebrand its previously acquired 14-store Mother Hubbard chain into 7-Eleven stores.
After acquiring the Mother Hubbard’s stores in early 2010 from MHC Convenience LLC, 7-Eleven Inc. announced that it plans to rebrand all 14 stores and offer them for franchise. The sale involved 16 Mother Hubbard’s Cupboard stores, but two in Bettendorf, Iowa, are not currently slated for conversion.
