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J.C. Penney Taps Another Apple Alumni For Its Revitalization

By Karen Talley Of Dow Jones Newswires NEW YORK -(Dow Jones)- J.C. Penney Co. (JCP) has tapped another Apple Inc. (AAPL) veteran to help in its turnaround. Laurie Beja Miller was named executive vice president of The Square, the town square centers the retailer plans to install in stores. The town squares are part of the vision of Chief Executive Ron Johnson, who ran Apple's retail stores, to reinvent Penney as a preferred shopping destination. "In the golden age of department stores, America's families came for more than just to shop," Johnson said. "They were able to have fun experiences and were offered a range of useful services." Johnson did not provide further details about the town squares. Miller, 54, has served as vice president of special projects at Apple, and held senior positions with Bare Escentuals Inc., Hallmark and Williams-Sonoma Inc.'s Pottery Barn unit. Other Apple alumni that J.C. Penney has brought in include Chief Operating Officer Michael Kramer, Chief Talent Officer Daniel Walker and Chief Technology Officer Kristen Blum. J.C. Penney is undergoing a huge restructuring in which it aims to steer customers away from department stores' traditionally sales-oriented approach to one where merchandise is not sold with an array of promotions. Last month, Penney reported it swung to a loss in its fiscal fourth quarter, as it shouldered heavy costs tied to its revamped pricing strategy, which will take a number of years to fully roll out. J.C. Penney shares were unchanged at $39.01 in recent trading Friday. -By Karen Talley, Dow Jones Newswires; 212-416-2196; karen.talley@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
05/17/201313:56:53Correction to U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/17/201313:40:03J.C. Penney To Beef Up Bangladesh Audits
05/17/201308:47:10U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/16/201317:30:15J.C. Penney Loss Widens on Sharp Sales Decline
05/16/201307:50:53Kohl's 1st-Quarter Profit Fell 4.5% Amid Weaker Sales
05/15/201318:08:22Soros Fund Cuts Some Big Banks, Trims Gold ETF Stake, Adds to...
05/14/201312:00:12J.C. Penney Will Go Back to Promotional Approach
05/12/201308:21:16MARKET SNAPSHOT: Stock Rally's Burden Shifts To The Consumer
05/10/201314:02:14WEEK AHEAD: Macy's, Wal-Mart to Report; Pricing, Consumer Data...
05/07/201317:00:37J.C. Penney Warns of Deeper-Than-Expected Sales Slump
05/06/201318:03:29Vornado 1st-Quarter Profit Rose 4.5% Amid Bigger Property-Sales...
05/01/201314:42:52TJX CEO Meyrowitz's Compensation Almost Doubles
04/30/201318:08:21STREET MOVES: Guggenheim Partners Adds Five Senior Bankers From...
04/30/201314:00:44Moody's Cuts J.C. Penney Further Into Junk
04/30/201312:20:10J.C. Penney Mortgages HQ, Land to Secure Loan
04/30/201308:26:54Martha Stewart First-Quarter Loss Narrows on Lower Costs
04/29/201309:01:05J.C. Penney Confirms Commitment for $1.75 Billion Loan
04/26/201316:43:52MARKET SNAPSHOT: U.S. Stocks End Lower; H-P, Chevron Boost Dow
04/26/201315:50:10Loan for J.C. Penney Has Commitments for $1.75 Billion -CNBC
04/26/201315:47:11MARKET SNAPSHOT: S&P 500 Nearly Erases Losses As Apple Gains

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