department store

Wafford Named New CFO At J.C. Penney

J.C. Penney has named Bill Wafford its new chief financial officer. He succeeds Michael Fung, who will remain with the company through the end of April.

Hudson’s Bay In Talks With Signa On European Joint Venture

Hudson’s Bay Co. has refuted recent reports it had signed a binding agreement to sell or combine its European business or properties but acknowledged that it is in discussions with Signa Holding GmbH exploring a potential joint venture and has signed a non-binding letter of intent with that firm.

J.C. Penney Q1 Comp Sales Flat

It was a tougher than expected first quarter for J.C. Penney as the department store chain reported sales that were below expectations, which were impacted by what company officials said was a late start to spring weather.

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