One year in, JCPenney’s new CEO raises the retailer’s trajectory
Paging through the wondrously large JCPenney catalog of years past meant considering near-endless options — and being patient for the results.
rings true, then, that the retailer’s newest CEO — Marvin Ellison, in
place a year this month — would take the same approach. As one who came
from modest Tennessee beginnings, looking forward to shopping at
JCPenney twice a year for back to school and Christmas with his half-dozen siblings, Ellison’s strategy of studying, testing and waiting has impressed the analysts who cover him.. . . more