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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
04/30/201517:59:52Statement of Changes in Beneficial Ownership (4)
04/29/201510:41:50JCPENNEY GROWS ITS SEPHORA PRESENCE WITH 25 NEW LOCATIONS AND...
04/28/201516:17:48Additional Proxy Soliciting Materials (definitive) (defa14a)
04/28/201516:13:54Current Report Filing (8-k)
04/28/201516:05:39JCPenney Board Member Mary Beth West Joins Company as EVP, Chief...
04/27/201519:20:02Is J.C. Penney Inc.'s Stock a Buy?
04/23/201515:06:52JCPenney Debuts New Bedding Collection with Eva Longoria
04/23/201509:08:025 Things UnitedHealth Wants You to Know
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04/22/201519:05:03McDonald's Corporation Looks More Like This Failing Retailer...
04/21/201518:29:023 Reasons JC Penney Company Inc Stock Could Fall
04/18/201517:10:03Oops! J.C. Penney Company Inc. Accidentally Lets Slip It's Having...
04/16/201520:00:04Is Men's Wearhouse Stock a Buy?
04/16/201517:29:03Statement of Changes in Beneficial Ownership (4)
04/16/201516:28:59JCPenney Named One of America's Best Employers for 2015
04/15/201502:26:04Penney Sees Same-Store Sales Up 3.5%-4.5% in 1Q
04/14/201508:54:19Current Report Filing (8-k)
04/13/201517:27:25Statement of Changes in Beneficial Ownership (4)
04/13/201500:42:18If You Absolutely Must Own Retail, Look For Debt-Free Dividend...
04/08/201523:11:43J.C. Penney: Sentiment Nearing Overly Optimistic Area Again

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