Penney Names Former Home Depot Executive as Head of Stores
January 18 2016 - 7:50PM
Dow Jones News
J.C. Penney Co. named a former Home Depot Inc. executive as its
new head of stores, reuniting him with Marvin Ellison who joined
Penney as chief executive from the home-improvement retailer last
year.
The department-store retailer named Joe McFarland as its
executive vice president of stores, replacing Tony Bartlett. Mr.
McFarland spent more than 20 years at Home Depot, most recently as
the president of the northern and western divisions. He was
responsible for the sales and operations of up to 800 stores and
led a team of 110,000 associates.
At Penney, he will oversee the chain's approximately 1,020
stores and will be tasked with other initiatives, like same-day
pickup, in-store jcp.com fulfillment and improving sales
productivity.
Mr. Bartlett, meanwhile, had assumed the role in 2013, after
former CEO Myron "Mike" Ullman returned to the company.
Penney has seen a number of executive shuffles in recent months.
The company replaced its chief merchant ahead of the holiday
shopping season, elevating insider John Tighe to the role to
replace Elizabeth Sweney, who had held the job since 2012. It also
named a former Target Corp. executive as chief information officer
last month.
The Plano, Texas-based retailer has reported a string of losses
over recent years as it struggled with its online sales strategy
and attempts to attract customers with its merchandise. Since
taking the helm in August, Mr. Ellison has pulled Penney back from
the brink of financial collapse by improving e-commerce
capabilities and reining in expenses.
Write to Lauren Pollock at lauren.pollock@wsj.com
(END) Dow Jones Newswires
January 18, 2016 19:35 ET (00:35 GMT)
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