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JC Penney Adds Another Apple Veteran To Executive Ranks

DOW JONES NEWSWIRES J.C. Penney Co. (JCP) named another former Apple Inc. (AAPL) employee to its executive ranks to assist in the retailer's vast transformation under new Chief Executive Ron Johnson. The department store chain said Benjamin Fay, 40 years old, has joined the company as its executive vice president of real estate, store design and development. The executive, who will report to Johnson, is being charged with the development of new store concepts as well as the remodeling and maintenance of existing stores. Fay comes to the company from Apple, where he worked as senior director of retail real estate, design and development. J.C. Penney is undergoing a major shakeup under Johnson, who came to the company last year after running Apple's retail stores and who has brought along a number of colleagues. The company this year launched a new pricing approach that aims to cut through the clutter of department store promotions. The strategy calls for monthlong promotions instead of random sales. Shares of Penney were recently up 1.2% to $36.10. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Jc Penney (JCP)
DateTimeHeadline
07/21/201517:08:55Current Report Filing (8-k)
07/21/201517:00:26MANDY GINSBERG TO JOIN JCPENNEY BOARD OF DIRECTORS
07/21/201508:30:00JCPENNEY RINGS IN THE SCHOOL YEAR WITH TREND-BENDING STYLES TO...
07/15/201519:26:09Activist Knocks on Macy's Door--3rd Update
07/15/201516:42:29Statement of Changes in Beneficial Ownership (4)
07/14/201519:20:02Can Marvin Ellison Save J.C. Penney?
07/07/201509:45:02Why J.C. Penney Jumped 32% in the First Half of 2015
06/30/201516:36:19Statement of Changes in Beneficial Ownership (4)
06/26/201516:29:58Annual Report of Employee Stock Plans (11-k)
06/23/201512:37:183 Reasons J.C. Penney Company Stock Could Rise
06/18/201509:02:20JCPENNEY PRESIDENT & CEO-DESIGNEE MARVIN ELLISON TO PRESENT AT...
06/18/201509:00:02Stability Will Be Key for New J.C. Penney CEO Marvin Ellison
06/16/201515:10:03The Retail Trick That Has J.C. Penney Company, Inc. in Hot Water
06/15/201516:58:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:21:20Statement of Changes in Beneficial Ownership (4)
06/12/201516:19:36Initial Statement of Beneficial Ownership (3)
06/12/201516:05:17J. C. Penney Company, Inc. Grants Previously Disclosed Equity...
06/10/201519:40:03Sears' Loss Slims but It's Still a Sinking Ship
06/10/201513:20:07J.C. Penney Same-Store Sales Since 2006
06/09/201502:02:11Apple to Add Cards From Discover, Some Stores to Apple Pay--Update

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