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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
04/26/201616:13:22JCPENNEY CELEBRATES 10 YEARS OF SEPHORA INSIDE JCPENNEY WITH...
04/25/201603:03:00Glut Plagues Department Stores -- WSJ
04/24/201614:32:00Department Stores Need to Cull Hundreds of Sites, Study Says
04/15/201616:38:17Statement of Changes in Beneficial Ownership (4)
04/12/201610:04:37JCPENNEY LAUNCHES ITS FIRST FASHION BRAND FOR PLUS-SIZE WOMEN...
04/01/201616:38:32Statement of Changes in Beneficial Ownership (4)
03/23/201616:34:03Additional Proxy Soliciting Materials (definitive) (defa14a)
03/23/201616:30:28Proxy Statement (definitive) (def 14a)
03/22/201616:41:27Statement of Changes in Beneficial Ownership (4)
03/22/201616:40:08Statement of Changes in Beneficial Ownership (4)
03/22/201616:37:57Statement of Changes in Beneficial Ownership (4)
03/21/201617:36:24Statement of Changes in Beneficial Ownership (4)
03/16/201617:08:50Statement of Changes in Beneficial Ownership (4)
03/09/201616:38:49Statement of Changes in Beneficial Ownership (4)
03/07/201616:50:52Statement of Changes in Beneficial Ownership (4)
03/07/201616:50:01Statement of Changes in Beneficial Ownership (4)
03/07/201616:47:26Statement of Changes in Beneficial Ownership (4)
03/07/201616:45:43Statement of Changes in Beneficial Ownership (4)
03/07/201616:43:57Statement of Changes in Beneficial Ownership (4)
03/03/201617:45:36Statement of Changes in Beneficial Ownership (4)

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