A new CEO is not going to change the short-term challenges facing the company. Being a successful executive at Apple is no guarantee of success at J.C. Penney’s.
J.C. Penney Company unveiled a strategic restructuring program today that will result in store closures and the shutting down their catalog business.
Retailer J.C. Penney’s announced that their Board of Directors has approved a quarterly dividend of $.20 per share.