News

J.C. Penney Repurchases Stock

BY CSA STAFF

Plano, Texas, J.C. Penney plans to spend $1 billion to refinance debt and buy-back stock. The company will buy back $750 million in common stock and $250 million in debt.

“The expansion of our capital structure repositioning is made possible by the company’s consistent operating improvement, strong liquidity and positive free cash flow,” said Robert Cavanaugh, executive VP and CFO. “This new program reflects the confidence we have in our business and further strengthens our financial profile.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Read All About It: Store Performance

BY CSA STAFF

New York City, Bridging the gap between strategy and execution is a challenge for any organization. It’s especially challenging for retailers.

In an article titled “Moving Retail to the Next Level: Consistent Store Performance Management,” StorePerform president and CEO Srikant Vasan talks about rising to the challenge.

“While every retailer has stores that outperform the pack, until now, retailers have lacked the tools to leverage these best practices and attain consistent performance in all stores,” Vasan writes.

For the complete article, click on “Guest Commentaries” above.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Ann Taylor Adds to Board

BY CSA STAFF

New York City, The day after naming Kay Krill as CEO, Ann Taylor Stores Corp. brought Linda Huett, president and CEO of Weight Watchers, onto its board of directors. Ms. Huett will bring the number of independent directors on Ann Taylor’s 10-person board of directors to eight. Ms. Huett will also serve as a member of the independent compensation committee.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...