JC Penney Names Saks CEO Sadove as a Director

JCPenney store in New York | Source: Shutterstock

PLANO, United States — J.C. Penney said Wednesday that Saks Chairman and CEO Stephen Sadove is joining its board of directors. The department store operator also said that board member Geraldine B. Laybourne is leaving her post so that she can focus more on her role as chairman of technology company Kandu.

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Perry Capital Buys 7.3% J.C. Penney Stake Amid Push for Changes

JCPenney store in New York | Source: Shutterstock

NEW YORK, United States — Perry Capital, the hedge-fund firm founded by Richard Perry, bought 7.3 percent of J.C. Penney Co. and asked the board to appoint a new chairman and chief executive officer, according to a letter sent to the company.

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J.C. Penney to Challenge Zara and Uniqlo With Joe Fresh Shops

Joe Fresh Fifth Avenue Flagship | Source: Courtesy photo

PLANO, United States — J.C. Penney Co. will open Joe Fresh shops in most of its stores tomorrow, a key test of Chief Executive Officer Ron Johnson’s strategy to turn most of the chain’s locations into collections of boutiques.

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