Lowe’s has named Marvin Ellison president and CEO, effective July 2. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert Niblock, who previously announced his intention to retire.
As J.C. Penney continues navigating a challenging retail environment, the retailer recently reported that new initiatives to its home products division have been well received by shoppers and more is on the way.
First quarter sales at J.C. Penney were down, but operating income was in the black when compared to the comparable…