Mike Kramer

New York City -- The second day of J.C. Penney Co.’s launch event in New York City revealed the retailer’s long-term financial plans to generate profit and shareholder value while reinventing itself. COO Mike Kramer outlined the company's financial...

PLANO, Texas — Another former Apple executive has joined the ranks at JCPenney. The company announced Wednesday that Kristen Blum, a former director of supply chain and International retail for Apple Inc., has been named EVP and chief technology officer, effective Jan. 23. Blum reports to COO Mike Kramer, and has responsibility for the company's JCP.com business and information technology systems. Kramer said, "The transformation underway at JCPenney relies heavily on having the best-performing, most effective technology to support our critical business functions and enhance our shopping experience. We are fortunate to have a solid technological infrastructure in place,