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Target Hires Ad Agency Executive Jeffrey Jones As Marketing Chief

DOW JONES NEWSWIRES Target Corp. (TGT) named Jeffrey J. Jones II executive vice president and chief marketing officer, putting a former advertising agency executive in charge of its campaigns. The discount retailer said Jones, 44 years old, was partner and president of McKinney, an advertising agency based in Durham, N.C. Prior to McKinney, Jones held several leadership positions at Gap Inc. (GPS), including chief marketing officer. Former Target Chief Marketing Officer Michael Francis left the company in October to become president of J.C. Penney Co. (JCP). Target, the nation's second-largest retailer by sales behind Wal-Mart Stores Inc. (WMT), has struggled as consumers, particularly lower-end shoppers, tightly manage spending in the face of higher gasoline prices and food costs. The company has looked to boost sales by adding fresh groceries at stores in an effort to draw in customers for these items and then have them move on to its other departments. Target in February reported its fiscal fourth-quarter revenue rose 3% though earnings slipped 5.2% as the company wrestled with muted sales during the critical holiday selling season. Shares closed Friday at $58.27 and were inactive premarket. The stock has risen 14% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
04/23/201515:06:52JCPenney Debuts New Bedding Collection with Eva Longoria
04/23/201509:08:025 Things UnitedHealth Wants You to Know
04/23/201507:35:02Why Procter & Gamble Company Is Shedding Its Cosmetics Business
04/22/201519:05:03McDonald's Corporation Looks More Like This Failing Retailer...
04/21/201518:29:023 Reasons JC Penney Company Inc Stock Could Fall
04/18/201517:10:03Oops! J.C. Penney Company Inc. Accidentally Lets Slip It's Having...
04/16/201520:00:04Is Men's Wearhouse Stock a Buy?
04/16/201517:29:03Statement of Changes in Beneficial Ownership (4)
04/16/201516:28:59JCPenney Named One of America's Best Employers for 2015
04/15/201502:26:04Penney Sees Same-Store Sales Up 3.5%-4.5% in 1Q
04/14/201508:54:19Current Report Filing (8-k)
04/13/201517:27:25Statement of Changes in Beneficial Ownership (4)
04/13/201500:42:18If You Absolutely Must Own Retail, Look For Debt-Free Dividend...
04/08/201523:11:43J.C. Penney: Sentiment Nearing Overly Optimistic Area Again
04/08/201514:06:023 Promising Retail Stocks Trading Under $10
04/06/201519:00:03Spoiler Alert: Apple Watch Won't Save the Mall
04/06/201511:27:00JCPenney Earns Good Housekeeping Seal For Over 75 Home Products
04/05/201515:00:022 Retail Stocks Wall Street is All Wrong About
04/03/201507:23:08What's With All The J.C. Penney Upgrades?
04/02/201503:44:38Stick Around, J.C. Penney Isn't Going Out Of Business

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