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J.C. Penney letting go of 300 at HQ
Headquarters layoffs are spreading throughout the retail industry with J.C. Penney joining Walmart and Dollar General in making deep cuts to its non-store workforce.
The department store retailer on Thursday said it planned to cut 300 of its 3,400 home office positions to reduce expenses and achieve financial targets.
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Lululemon restructures executive team
Lululemon Athletica’s chief product officer has left the company and other key executives are in new roles as the company looks to increase innovation and execute a 10 year vision.
The operator of 336 stores named expanded the responsibilities of CFO Stuart Haselden and he now adds the title of executive VP of operations. Haselden joined the company early this year after serving as CFO of J. Crew. The company has also initiated a search to fill the newly created position of chief supply chain officer.

