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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; [email protected]

Stock News for Jc Penney (JCP)
DateTimeHeadline
01/17/201710:00:17JCPENNEY UNDERSCORES COMMITMENT TO ACTIVEWEAR WITH LAUNCH OF...
01/07/201703:03:00Online Retailing Outpaces Stores -- WSJ
01/06/201715:05:00In-Store Declines Drag Down Traditional Retailers
01/06/201707:30:14JCPENNEY REPORTS HOLIDAY SALES UPDATE
01/05/201703:02:00Lackluster Holidays Take Toll on Macy's -- WSJ
01/04/201720:46:00Macy's and Kohl's Are Hit by Weak Holiday Sales - Update
01/04/201719:44:00Macy's and Kohl's Are Hit by Weak Holiday Sales - Update
01/04/201717:52:00Macy's and Kohl's Are Hit by Weak Holiday Sales
01/03/201722:00:00J.C. PENNEY INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY...
01/03/201716:15:08JCPENNEY ANNOUNCES SALE OF HOME OFFICE CAMPUS FOR $353M
12/21/201622:50:00J.C. PENNEY INVESTIGATION INITIATED by Former Louisiana Attorney...
12/16/201613:00:00What a Michael Kors Bag at Macy's Says About Christmas Sales--Heard...
12/12/201616:48:19Statement of Changes in Beneficial Ownership (4)
12/12/201615:26:00Faruqi & Faruqi, LLP is Investigating J.C. Penny Company, Inc...
12/05/201616:43:53Statement of Changes in Beneficial Ownership (4)
12/05/201616:42:23Statement of Changes in Beneficial Ownership (4)
12/01/201608:30:28JCPENNEY.COM DELIVERS A WONDERLAND OF UNEXPECTED GIFTS
11/30/201617:17:55Quarterly Report (10-q)
11/25/201603:02:00Black Friday Push Gets an Early Start -- WSJ
11/24/201620:19:00Retailers Push Early Start to Black Friday Sales -- 2nd Update

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