Before joining J.C. Penney, Jill Soltau was CEO of Joann Stores, a specialty retailer of fabrics and crafting supplies with about 850 stores across the United States. When it announced her hiring, the retailer emphasized that she helped reinvigorate the Joann brand and improved its market position by taking a consumer-oriented approach to determine and deliver compelling assortments.
Jill Soltau, J.C. Penney
Report: J.C. Penney Eyes Debt Restructuring Options
Struggling department store chain J.C. Penney, facing debt payments of approximately $4 billion over the next few years, has reportedly hired advisors to examine debt restructuring options.