J.C. Penney Names Company Veteran to Head Home Goods and 2 Other Hot Stocks to Watch
J.C. Penney & Co. (NYSE:JCP): Current price $8.09
According to a company memo viewed by Reuters on Thursday, Chief Executive Myron Ullman has named a 25-year company veteran to lead J.C. Penney’s home goods section, filling a large executive position as he endeavors to rebound sales. Ullman told employees in the memo that Jan Hodges will assume the job of senior vice president, general merchandise manager for the home goods section effective November 1. Nevertheless, shares are down around 2 percent Friday morning in heavy trading.