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...The company’s challenges have mounted of late, ranging from the surprise departure in 2018 of chief executive Marvin Ellison and a more than doubling in its loss for its most recent fiscal year as heavy...
...Like longtime rival Sears, which filed for bankruptcy late last year, JC Penney has been hard hit by the rise of e-commerce, falling mall traffic and changing consumer shopping habits....
...US department store chain JC Penney has appointed Jill Soltau, a retail veteran with experience turning round companies, as its chief executive four months after Marvin Ellison’s surprise exit....
...JC Penney’s chief executive Marvin Ellison is leaving the struggling department store operator to take the reins at home improvement retailer Lowe’s, the companies announced on Tuesday....
...Bill Ackman’s activist hedge fund Pershing Square has taken a $1bn stake in Lowe’s, upping the pressure on incoming chief executive Marvin Ellison to improve the home improvement retailer’s performance....
...“We are very encouraged with our overall comp sales performance during the holiday season,” said chief executive Marvin Ellison....
...JC Penney has been among the brick and mortar retailers hardest hit by the rise of e-commerce and changing consumer shopping habits, with the stock shedding 62 per cent of its value in 2017 and its market...
...JC Penney, which has been among the brick and mortar retailers hardest hit by the rise of e-commence and changing consumer shopping habits, said the clearance sales – while painful to the bottom line – should...
...JC Penney has named Marvin Ellison, an executive at DIY retailer Home Depot, chief executive as the struggling US department store chain attempts to win back market share and mount a comeback....
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