Friday, July 26, 2019

Where does J.C. Penney's turnaround stand? It's testing new ideas in Texas

The Dallas Morning News
J.C. Penney has time, options and skilled new management. But the company’s stock and corporate bond prices signal that the odds are stacking up against the 117-year-old, Plano-based chain of 840 department stores.

Can CEO Jill Soltau fashion a turnaround? Since she was hired nine months ago, Soltau hasn’t minced words while reporting weaker quarters that she inherited and saying “we need to move faster.” She also said Penney “has the capacity to deliver improved results.”. . . more