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Can This Job-sharing Work?
When J.C. Penney announced last week that it had hired Ron Johnson — formerly in charge of Apple’s retail stores — to take over as CEO of the beleaguered department store, investors rewarded the move...
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Martha Stewart’s Got Legs — Does J.C. Penney Know How to Use Them?
Beginning in 2013, Martha Stewart mini stores will begin popping up in J.C. Penney locations around the country as part of a deal announced this week in which the Plano, Texas-based retailer acquired a...
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J.C. Penney’s New Strategy: Consumers Aren’t Buying It, Yet
J.C. Penney lost $163 million in the first quarter, compared to a gain of $64 million a year ago; sales fell 20%, while comparable store sales dropped 18.9%, and the store is discontinuing its...
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J.C. Penney’s New Old CEO
With the company’s stock price tanking (12% yesterday), sales falling (25% for the year) and store traffic dropping off, J.C. Penney’s board decided on Monday to replace CEO Ron Johnson with former CEO...
View ArticlePreventing More Tragedies in Bangladesh
Today, May 15, is the deadline set by IndustriALL Global Union of Geneva, Switzerland, for global retailers that source products from Bangladesh factories to sign an agreement ensuring safety for the...
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