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JCPenny

JCPenny New CEO

Ron Johnson is out as CEO of retailer JC Penney, and Mike Ullman is in. Johnson, received a 2011 stock grant worth $52.7 million when he was hired to reinvigorate the retailer, but received just $1.9 million in his first full year as restructuring left the company struggling. Ref. USAToday

JCPenny

J.C. Penney closing 33 stores, laying off 2,000

"These actions are expected to result in an annual cost savings of approximately $65 million," Retailer says. Ref. USAToday

JCPenny History & Civil Business Politics

Loyal J.C. Penney employee retires after 67 years

Betty Collette was among first women managers at J.C. Penney in the early 1960s. Ref. Source 9q.

JCPenny

While people will look at this as an amazing achievement its sad that this lady did not move on to something better after so many years.

JCPenny

J.C. Penney announces 138 store closures:

About 5,000 jobs will be cut due to the closures, J.C. Penney said. The company had about 105,000 full and part-time employees last year. Ref. Source 2o.

JCPenny

JC Penney left my market area over a year ago so this is not going to effect anyone around me I believe. Some long time stores are closing because of the big box stores offering everything you can imagine in them. Plus on line sales are making it easier to not leave the house.

JCPenny

J.C. Penney files for Chapter 11 bankruptcy protection, plans to close some stores, as COVID-19 adds to its sales, debt woes. For the department store chain, once a regular destination for middle-class shoppers, bankruptcy marks a fall from grace that could spell the end. Ref. USAToday.

JCPenny Politics Business Civil & History

J.C. Penney to reveal more than 200 store closings. Lawyers for retailer J.C. Penney on Thursday are expected to reveal in a court filing which of its store locations will close permanently as part of its Chapter 11 bankruptcy restructuring plan. Source 9i.