Marvin R. Ellison Elements of the retail environment remain uncertain ” While we were very optimistic on our growth initiatives on 2017 plans, our 2017 guidance is conservative as we expect elements of the retail environment to remain uncertain. Clearly, … Continued
J. C. Penney’s (JCP) CEO Marvin Ellison on Q3 2016 Results Up in October “We would say low single, mid-single digits for October. And because this is such a unique selling period, we are not going to get into inter-quarter … Continued
J. C. Penney’s (JCP) CEO Marvin Ellison on Q2 2016 Results 50% of dot com transactions touch the store in some way ” over 50% of our dot com transactions somehow touch the store and that is before BOPUS, Buy … Continued
Marvin Ellison – CEO The consumer is in pretty positive shape ” what we’ve determined pretty consistently is that the consumer is in a really positive shape from a financial standpoint. The consumer tells us that their wages are up, … Continued
Marvin R. Ellison – Chief Executive Officer & Director Disappointed in our results ” The first quarter was clearly challenging from a top line perspective, and we’re disappointed in our results relative to our own expectations. As you’ve heard throughout … Continued
J. C. Penney (JCP) Marvin R. Ellison on Q4 2015 Results 4.1% comp “Comparable sales were up 4.1% in the quarter and accelerated to a two-year stack of 8.5%. In fact, this represents our ninth consecutive quarter of growth, when … Continued
J. C. Penney (JCP) Marvin R. Ellison on Q3 2015 Results 3Q very challenging macro “The third quarter was clearly challenging from a macro perspective. But at JCPenney we focus on controlling what we control, and this focus is represented … Continued
Betting on Sephora to anchor center core growth “we have said many times before that Sephora anchors our center core growth strategy comparable store sales through our Sephora inside J. C. Penney locations grew double digits in the second quarter. … Continued
Why the new CEO is there “I grow up very modestly. So I have a keen understanding of the customer segment. We are mid-tier department stores serving, moderate household incomes and having grown up in a very modest household with … Continued
Switching from Defense to Offense “2015 is off to a great start at JCPenney. This year, we are switching gears from defense to offense. We’re focused on taking back market share and restoring the profitability of our business.” Strong across … Continued