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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
08/26/201516:08:00JCPENNEY CEO MARVIN ELLISON TO PRESENT AT GOLDMAN SACHS GLOBAL...
08/26/201509:00:00JCPENNEY SUCCESSFULLY POWERS THROUGH ENERGY SAVING PROGRAMS
08/18/201510:47:11JCPENNEY CELEBRATES 10TH ANNIVERSARY OF NICOLE BY NICOLE MILLER®...
08/18/201508:30:00Francesca's Merchandising Chief Resigns
08/17/201516:40:18Statement of Changes in Beneficial Ownership (4)
08/14/201508:50:08J.C. Penney Continues Improvement
08/14/201507:50:23Current Report Filing (8-k)
08/14/201507:45:26JCPENNEY REPORTS A 4.1 PERCENT INCREASE IN SAME STORE SALES AND...
08/04/201516:04:41J. C. Penney Company, Inc. to Report Second Quarter 2015 Financial...
08/04/201509:59:16U.S. Hot Stocks: Hot Stocks to Watch
08/03/201518:32:44J.C. Penney Hires Home Depot, Target Executives to Boost Online...
08/03/201516:30:37JCPenney Announces Two Senior Executive Appointments to Propel...
07/31/201516:34:07Statement of Changes in Beneficial Ownership (4)
07/29/201509:40:00Technical Scrutiny on Department Stores Stocks -- J. C. Penney...
07/28/201516:33:44Statement of Changes in Beneficial Ownership (4)
07/28/201516:32:49Initial Statement of Beneficial Ownership (3)
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

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