is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," CEO Jill Soltau
Date: Jun 04, 2020
Category: Business
Source: Google
Pandemic claims another retailer: 118-year-old J.C. Penney
The coronavirus pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country, Penneys CEO Jill Soltau said in a statement. As a result, the American retail industry has experienced a profoundly different new reality, requiring J.C. Penney to ma
Date: May 17, 2020
Category: Business
Source: Google
Long-struggling JC Penney files for bankruptcy as coronavirus crushes hopes for a quick turnaround
our country. As a result, the American retail industry has experienced a profoundly different new reality, requiring JCPenney to make difficult decisions in running our business to protect the safety of our associates and customers and the future of our company," CEO Jill Soltau said in a statement.
Date: May 15, 2020
Category: Headlines
Source: Google
The coronavirus pandemic will likely leave a lasting legacy on retail: Fewer department stores
Chief Executive Jill Soltau, who joined the company from fabric and crafts retailer Jo-Ann Stores in October 2018, was hoping to change that. Earlier this month, she had been scheduled to unveil more details of her turnaround plans. But Penney's meeting with analysts has been postponed indefinitely
Date: Apr 19, 2020
Category: Business
Source: Google
Black Friday 2019 Live Updates: online shopping is already on fire Thanksgiving Day
Also worth mentioning is the unproductive floor space at J.C. Penney now that it no longer sells appliances. To be sure, CEO Jill Soltau has her work cut out for her to improve sales per square foot at stores that remain way too big.
enneys latest report showed its continued malaise in clothing. In fact, its new CEO Jill Soltau last week said that the chain was bringing back visual merchandise displays after moving away from it under previous management. Macys and Nordstrom are expected to report third-quarter results on Thurs
Date: Nov 20, 2019
Category: Business
Source: Google
J.C. Penney has good ideas but doesn’t have the resources for a turnaround, analyst says
On the call, Jill Soltau, J.C. Penneys JCP+6.36% chief executive, talked up a number of new initiatives, including a new store in Texas that uses a different logo and groups merchandise according to the occasion. For instance, shine is for special events, while all day is for casual work
Date: Nov 15, 2019
Category: Business
Source: Google
These 28 retailers could go bankrupt in the next year
Making it harder to de-leverage are the company's constantly sliding sales. Q2, with net sales down more than 9%, was a reminder of just how difficult a turnaround is going to be for CEO Jill Soltau and the team she's installed this year. The retailer has lost ground to off-pricers, is hurting from
Date: Oct 02, 2019
Category: Business
Source: Google
Youtube
Joann Stores CEO Jill Soltau named JC Penney ...
CNBC's Courtney Reagan reports on J.C. Penney's new CEO.
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Employees gave Jill Soltau, JO SAYS' CEO, an A+ (86/100), putting Jill...