J.C. Penney Co. (JCP) aims to reverse its “huge miss” with core customers last year by expanding private-label lines such as St. John’s Bay and reviving promotions, said Chief Financial Officer Ken Hannah. “We’ve done a number of things inside the...
Attempts to re-position J.C. Penney as a hip new kind of retail destination have yet to pay off, but some think there's another way the company can shore up its financial position: make some money off its impressive portfolio of commercial property. In a note today, analysts at BTIG argue the retailer's owned and leased property is "an asset which we believe can be accessed to the benefit of equity investors."
Dallas -- J. C. Penney Co. said that Ken Hannah has been named CFO, effective May 7. Hannah, who brings over 20 years of finance, operations and audit experience from a wide range of leading companies that include General Electric, Boeing and The Home Depot, has spent the last six years at MEMC Electronic Materials, where he served as president of solar energy, responsible for improving process discipline, simplifying the organization and reducing cost to drive growth in the company's solar business Before his current position, he was CFO of MEMC. Previously, he served as SVP finance at The