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Sears to report first profit in three years but no good news about sales
Hoffman Estates, Ill. – Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.
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JCP in omnichannel overdrive with Target, Home Depot hires
J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.
The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.

