×
142
Fashion Jobs
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
PUMA
Warehouse Manager-Offline Business
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Talent Acquisition Coordinator – India, Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
TARAMA
Graphic Designer
Internship · MUMBAI
MASAR GROUP
IT Support
Permanent · DUBAI
NIKE
Sap Security Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
TLM CONSULTANCY
Merchandising Assistant
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
By
Reuters
Published
Oct 3, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

J. C. Penney names retail veteran, Joann Stores chief as new CEO

By
Reuters
Published
Oct 3, 2018

J. C. Penney Co Inc on Tuesday hired Jill Soltau, former chief executive officer of privately held fabric and crafts retailer Joann Stores, to the top job, effective mid-October.


Jill Soltau


Shares of the company, which hit a record low last week when its chief financial officer quit, rose about 10 percent in after-market trading. Soltau has served in senior level positions at Sears and Kohl’s in a career spanning over 30 years, the company said in a statement.

The appointment comes five months after its former CEO Marvin Ellison left the company to join home improvement chain Lowe’s Cos Inc and Soltau is tasked to resurrect J. C. Penney’s declining sales as shoppers increasingly move toward online shopping.

“The new CEO has an uphill battle to resurrect the brand ... hopefully, she will focus on merchandising to the core customer and addressing the sole problem at the company, which has been apparel,” Gordon Haskett analyst Chuck Grom said.

J.C Penney, which has seen its annual sales decline in the last three years, reported a bigger-than-expected second-quarter loss and cut its full-year profit forecast in August.

“If she can fix apparel, she will help stabilize the company’s profit margins, which have been under substantial pressure for the past few years,” Grom said.

Paul Brown, chairman of J. C. Penney’s search committee said Soltau’s turnaround work at prior companies as well as her experience in apparel and e-commerce made her an “ideal fit” for the company.

© Thomson Reuters 2021 All rights reserved.