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J.C. Penney Posts Q4 Earnings Surprise, Names New Chief Merchant

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

It’s too soon to say J.C. Penney Co. Inc. has an effective turnaround strategy in place, but a fourth-quarter earnings beat and the addition of a new chief merchant has the mass market retailer seemingly off to a good start for fiscal year 2019. As the retailer looks to change its fortunes in the new…

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