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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
03/30/201508:17:17Expansions In Both Store And Online Operations Will Benefit J.C...
03/30/201505:15:48Comparing America's Next 3 Department Stores Companies
03/27/201523:15:55J.C. Penney Looks To Be Almost Out Of The Woods
03/23/201516:37:15Additional Proxy Soliciting Materials (definitive) (defa14a)
03/23/201516:35:05Proxy Statement (definitive) (def 14a)
03/20/201508:57:38Current Report Filing (8-k)
03/19/201514:34:10Route to an $8 Million Portfolio Started With Frugal Living
03/18/201516:15:06Current Report Filing (8-k)
03/18/201516:05:40Kent B. Foster to Retire from JCPenney Board of Directors
03/14/201503:38:48Buy Recommendation: J.C. Penney - Value Play
03/13/201517:40:46Statement of Changes in Beneficial Ownership (4)
03/13/201505:09:29Call Us Ishmael: We Still Like J.C. Penney
03/12/201503:05:32These 3 Turnaround Candidates Will Continue To Disappoint Investors
03/09/201507:54:32Piper Jaffray keeps the faith in J.C. Penney
03/09/201503:42:37Fundamental Comparison Of Iconic American Department Stores
03/06/201508:03:30Wage hikes at large retail chains may pay off
03/04/201517:37:21Statement of Changes in Beneficial Ownership (4)
03/04/201517:36:52Statement of Changes in Beneficial Ownership (4)
03/04/201517:36:52Statement of Changes in Beneficial Ownership (4)
03/04/201501:31:19J.C. Penney: Lowered Gross Margin Expectations Limits Upside...

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