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Financial Roundup: J.C. Penney Reshuffles Leadership and Cuts 360 Jobs, Gap Inc. Rides Active to Soaring Sales, L Brands Sales Stagnate

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

J.C. Penney revamped a number of executive positions and eliminated more than 300 jobs amid positive annual comp-store sales growth, while sales at Gap Inc. jumped 5 percent, largely driven by strength in activewear across all company brands. J.C. Penney In a Nutshell: Though comp sales were up for the quarter and the year, JCP

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