I think that Roger Farah (62) has another career in his future plans. It's just been announced the he would leave Ralph Lauren Corporation after spending 14 years as president and chief operating officer. Most recently he was executive vice chairman. In 2013, he turned over the reins of the company to Jackwyn Nemerov and has been phasing out of the daily operation of the company since that time. I'm speculating, but I think it's possible that this fall Mr. Farah will join J.C.Penney as the successor of Myron (Mike) Ullman III.
Plano, Texas -- It’s official: Two more Apple Retail veterans are joining their former boss Ron Johnson at J.C. Penney Co. The news came as J.C. Penney reported a third-quarter net loss of $143 million and issued a tepid holiday forecast. J.C. Penney named Michael W. Kramer, CFO of Apple Retail from 2000 to 2005, as COO. Kramer has been the president and CEO of Kellwood Co. since 2008, where he oversaw a portfolio of fashion brands. He also served as executive VP and CFO at Abercrombie & Fitch, from 2005 to 2008. "Mike is an extremely talented executive,
J.C.Penney is set to launch two new online retail businesses this summer — Gifting Grace and CLAD — thanks to a marketing partnership the retailer formed with Hearst Magazines. The goal? To gain a significant share of consumers' growing e-commerce spend.
Plano, Texas-based J.C. Penney Co. Inc. announced the launch of Liz Claiborne, making the company the exclusive department store for all Liz Claiborne and Claiborne-branded merchandise in the United States and Puerto Rico. Available in JCPenney's more than 1,100 stores and on Jcp.com, Liz Claiborne will be presented as a full lifestyle collection across approximately 30 categories--including women's and men's apparel, home and accessories. As part of its strategic agreement with JCPenney, Liz Claiborne Inc. will be responsible for designing the merchandise, while JCPenney will source, merchandise and market the brand. "The launch of Liz Claiborne at JCPenney represents
Fresh on the heels of a report from the Department of Commerce that December retail sales dropped 2.7 percent, more than double the 1.2 percent decline Wall Street analysts predicted, comes more bad news for multichannel retailers: 2009 doesn't figure to be any better. Such was the sentiment of a panel of retail experts during a session at this month's National Retail Federation Convention & Expo in New York.